We have a confirmed daily uptrend signal in SPX, so we can expect a move to reach the target on chart within the next 7 bars after today's close.
I want to see if today's low stays above the former resistance levels we broke, and if we cross the resistances above as well. It might take a couple days to do so, logically, but I think odds are really big that we get a sizeable rally in all equities for a while.
Good luck,
Ivan Labrie.
I want to see if today's low stays above the former resistance levels we broke, and if we cross the resistances above as well. It might take a couple days to do so, logically, but I think odds are really big that we get a sizeable rally in all equities for a while.
Good luck,
Ivan Labrie.
Commento:
Ideally we won't go under 2164 today, but if we do, there's huge support at 2162.
Commento:
We have broken down but found support for now.
There is a new 10 bar level too, and price holds above the FOMC key level.
I don't want to be quick to jump to conclusions and short equities (although I do keep a short book, currently with CLX, EWG, WMT on it).
There is a new 10 bar level too, and price holds above the FOMC key level.
I don't want to be quick to jump to conclusions and short equities (although I do keep a short book, currently with CLX, EWG, WMT on it).
Commento:
Commento:
Market rallying with Biotech here...looks good.
