Friday's late afternoon 25 point afternoon rally,
and carrying forward into this morning's trading shows how important
the market perceives the S+P 500 Support level of 4134.37 is right now.
I have written about the importance
of this level last week on tradingview.com
Hers's the shot. And really don't overthink it, or downplay it's utter price simplicity. It just is.
Buyers are "buying the market" at S+P 4134.37 and above
Sellers are "selling the market" below that level. Short term. Period.
One on my longest and loyalist followers Bobby Spa questioned
why I would need to write a weekend update,
if the S+P 500 Closed below 4134.37 last week.
He then adroitly as much answered his own question,
by telling me he believed that the market "is a game of inches"
That phrase is an obvious sports metaphor.
But so too is " the game of the stock market", when so much is on the line every day
SPX NOON OPEN 4129.13
THE_UNWIND
WOODS OF CONNECTICUT
and carrying forward into this morning's trading shows how important
the market perceives the S+P 500 Support level of 4134.37 is right now.
I have written about the importance
of this level last week on tradingview.com
Hers's the shot. And really don't overthink it, or downplay it's utter price simplicity. It just is.
Buyers are "buying the market" at S+P 4134.37 and above
Sellers are "selling the market" below that level. Short term. Period.
One on my longest and loyalist followers Bobby Spa questioned
why I would need to write a weekend update,
if the S+P 500 Closed below 4134.37 last week.
He then adroitly as much answered his own question,
by telling me he believed that the market "is a game of inches"
That phrase is an obvious sports metaphor.
But so too is " the game of the stock market", when so much is on the line every day
SPX NOON OPEN 4129.13
THE_UNWIND
WOODS OF CONNECTICUT