The S&P couldn' t test back the breakout at 2137$. It's heading to the cycle top and looks unstoppable.
If oil had bottomed oil shares will give another push to S&P.
The 10 EMA is giving support all the way up. It has days to run.
If oil had bottomed oil shares will give another push to S&P.
The 10 EMA is giving support all the way up. It has days to run.
Trade closed manually:
I dont like the divergencies on the daily chart (RSI,MACD). Though we broke to higher high my cycle count and 6th sense saying that it's a bull trap kind of breakout. Closing all SPX position. I will post a new chart regarding SPX.