Strong grind higher continues. Today we gapped down at the open on CPI news before market open. However, the gap was filled in the first hour and a half of trading. Strong rebound after bad news tells me that investors are optimistic about the equity market future.
My levels are working great.
Below: 4529 4496
Above: 4613 4672
Now: 4583
Let me know what are your thoughts on the near future of the market.
As always, trade wisely and good luck! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise.
I think it is still bullish, for a week or so. I was lucky to be on the right side on both gap up yesterday and gap down today, now on the long side again. $470 is my next target after $458-460 gets broken, that is a hard resistance.
AyBe_Invest
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@igord2, I completely agree with you. Same thoughts.