We took a day off from doing our candle analysis but we are back! The market continues to surge from its low as it has done the prior 3 times. This one will be no different. We were wrong on our last two predictions because we were looking to see the market continue to sell off instead of reading the chart like we have been. You have to do your best to not allow your judgement to get in the way. The $SPX
is now above the trend line
that caused its fate 2 weeks ago and also sitting at the 50 day moving average. With the MACD
gaining strength and the RSI
as well, we predict today to close positive. We predict it will test 1960 and close above.