in my last couple articles here on tradingview.com
I have noted the Bullish Short Term
Trend Reversal in the S+P 500 that occurred on 12/26/18.
However,with the 25 point GAP Down Open,
and a late afternoon fade break/test of 2400 Bullish Support
which I had written was the technical expectation today,
all seemed lost for the bulls.
I myself had relaxed this holiday afternoon with no trading position
simply watching all this unfold with chinese food and tea,
and chatting with some trader buddies here on tradingview.
Tonight, after I awoke from what they nowadays call a power nap
and turned on my computer screen, I was dumbfounded what I saw.
S+P 500 had reversed all of that, in the last 90 minutes of trading
and had actually CLOSED today up nearly 1 % to 2488.
I literally had to do a double take at my computer screen.
Even putting on a pair of cheap reading glasses didn't change what I was seeing.
Yes, it was all very true. S+P 500 had rallied back substantially
in what they are saying is the biggest point comeback in a decade.
Rather than go into any further dumbfounded explanations here,
I will simply note in doing that,
the Bulls have SUCCESSFULLY pulled off a houdini
that perhaps no one would have thought possible,
and kept their bullish reversal hopes alive,
at least for another 24 hours,
and maybe more.....
Are you kidding me :) ?
SPX Last 2488.83
Short Term Trend Remains BULLISH,
with 2400 Remaining as important Support
THE_UNWIND
12/27/18
NEW YORK
I have noted the Bullish Short Term
Trend Reversal in the S+P 500 that occurred on 12/26/18.
However,with the 25 point GAP Down Open,
and a late afternoon fade break/test of 2400 Bullish Support
which I had written was the technical expectation today,
all seemed lost for the bulls.
I myself had relaxed this holiday afternoon with no trading position
simply watching all this unfold with chinese food and tea,
and chatting with some trader buddies here on tradingview.
Tonight, after I awoke from what they nowadays call a power nap
and turned on my computer screen, I was dumbfounded what I saw.
S+P 500 had reversed all of that, in the last 90 minutes of trading
and had actually CLOSED today up nearly 1 % to 2488.
I literally had to do a double take at my computer screen.
Even putting on a pair of cheap reading glasses didn't change what I was seeing.
Yes, it was all very true. S+P 500 had rallied back substantially
in what they are saying is the biggest point comeback in a decade.
Rather than go into any further dumbfounded explanations here,
I will simply note in doing that,
the Bulls have SUCCESSFULLY pulled off a houdini
that perhaps no one would have thought possible,
and kept their bullish reversal hopes alive,
at least for another 24 hours,
and maybe more.....
Are you kidding me :) ?
SPX Last 2488.83
Short Term Trend Remains BULLISH,
with 2400 Remaining as important Support
THE_UNWIND
12/27/18
NEW YORK