S+P 500 has with today's sharp rally gotten back above
e the major Weekly Bullish Trend Line connecting the Dec.2018 Bottom
at 2350 with the reaction Low in June at 2728
Make no mistake. This is real.
That is why today's sharp rally back above 2900
has brought back into the market new money commitment, and vigorous short covering.
Put plain and simple.
If the S+P 500 closes the week tomorrow back above 2900,
the market will then have completed a sharp weekly technical reversal to the upside,
to remain in bullish weekly configuration mode for trend for 2019.
What that means is that there could be more rally ahead,and just like on the downside,
the market may now surprise the majority on the upside for how far it can rise again.
The consequences of this Weekly Bullish Reversal
in extending the bull market further on into 2019 should not be cast off lightly
as It is a very real possibility once again.
SPX Last 2929.10
THE_UNWIND
8/8/19
NEW YORK
e the major Weekly Bullish Trend Line connecting the Dec.2018 Bottom
at 2350 with the reaction Low in June at 2728
Make no mistake. This is real.
That is why today's sharp rally back above 2900
has brought back into the market new money commitment, and vigorous short covering.
Put plain and simple.
If the S+P 500 closes the week tomorrow back above 2900,
the market will then have completed a sharp weekly technical reversal to the upside,
to remain in bullish weekly configuration mode for trend for 2019.
What that means is that there could be more rally ahead,and just like on the downside,
the market may now surprise the majority on the upside for how far it can rise again.
The consequences of this Weekly Bullish Reversal
in extending the bull market further on into 2019 should not be cast off lightly
as It is a very real possibility once again.
SPX Last 2929.10
THE_UNWIND
8/8/19
NEW YORK