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.
Note
Ideally we won't go under 2164 today, but if we do, there's huge support at 2162.Note
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).
Note
Note
Market rallying with Biotech here...looks good.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.