TrumProtection.This is all we need to know about US Stock Markets. If you invest in this sector you have the support of the President of the United States of America. And as none of the politicians want a stock market collapse overthere I would say you have the support of Washington.
Finally the S&P took out the false swing's level yesterday. So it's following the Nasdaq as expected. I still see many people doubting and waiting for a retest of Friday low or a lower low. In my books the next level is the test of the all time highs next week. When it breaks I'm looking forward to see the real fireworks to be starting.
Notice how the moving averages are lining up and starting to support the rally. Every dip is bought. The oversold territory on the RSI is just tagged and the overbought parts are long. These are the sign of the start of a new rally after the correction.
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The RSI 6 gave the buy signsl again.
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The hourly printed a new high
Trade closed manually
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I think the triangle will break to the downside before the next rally starts to 3000.