An interesting day. A strong liquidation move in the morning which followed by a V-reversal. Buyers are betting on higher prices - that's the only conclusion one can make from this price action. What could ruin this sentiment? Google and Apple will be reporting next week. They represent around 20% of the index. FOMC announcement. Any surprise could lead to a liquidation move. Next week will be several OPEX days.
For now, there is no sign of the bulls slowing down. A decisive breakdown of the trend line would be a first sign of the sentiment change.
04/27/2019
For now, there is no sign of the bulls slowing down. A decisive breakdown of the trend line would be a first sign of the sentiment change.
04/27/2019