The_Unwind

Bullish Reversal Buy Signal ! Daily Update 8/29/23

Long
SP:SPX   S&P 500 Index
This one is simple.
Rarely do they give you something simple in the market.
For anyone following my work,
today's upside breakout back above SPX 4435
has rendered a "bullish reversal" buy signal on the market.

Note the 4 Hour KST Indicator (Shown Here)
now rising "from the bottom" like a phoenix from the ashes
and strongly confirming todays breakout market advance.

I had previously shown you that this Indicator
an "intermediate" tool in this time frame,
had stayed notably BULLISH during last weeks decline to SPX 4365,
which was "very important early evidence" of traders successfully buying the market dip.
,
Which like a winning hand in a card game, simply and easily ...played out today.

TRADERS LONG STOP:
NOW REVERTS BACK TO SPX 4435

1 PM Open 4486.33

THE_UNWIND
WOODS OF CONNECTICUT

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