HUGE Bullish Candle Breaking all eMa's (except for the eMa 100)
Stochastics and RSI are just above the oversold area.
Toys/Game/Hobby Sector has a weighted alpha of +26.74
Weighted Alpha of $EA is +76.8
S&P has not broken above 2020.1 (major resistance level) to confirm a short bullish period
S&P has been green for to many candles. The market will get tired pretty soon.
Very unusual market tone. Very volatile.
Major Problem is Market Tone. The Technical and Fundamental aspects of $EA are pretty sound. I would like a small pullback to possibly $67.42 and a weak downward move or consolidating action on the S&P by tomorrow or some time this weak before I enter. Better yet I want to see the market confirm a bullish continuation otherwise this trade is not for me. It might not be wise to go long with the SPX500 set up the way it is but we will see.