Didn't get what I wanted to see today, that's trading for you. The possibility that we keep grinding higher for a week or more is certainly viable after today. Above we have the following - daily BB at 4190, Weekly BB at 4180, 100 weekly ma at 4215 and Monthly 18/20 at 4190 and 4210 respectfully. Some stocks like Tesla and AAPL seem to want to go higher after today and other stocks I'm watching also want to get a bounce. So there you have it, I was expecting something more but the market is simply not ready to drop. More grind will likely continue, even if we sell off tomorrow. I will keep watching and waiting for a definitive move down.
Good luck!
Good luck!
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I'm seeing a triangle here - not sure which way it breaks.
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if it drops, triangle target is 405 on spy
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hourly rsi already at it's lows, I'm still expecting one more high to test the resistance points mentioned in the video. We'll see at open.
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18ma on daily reached. If they lose it, expect a rally up to test it sometime today.
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weekly chart, another tag of that upper BB last night
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vix
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uptrend on SPX coincides with 18ma, needs to break that support otherwise we go higher again.
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no break of 18ma, market won't break until it's taken out. Maybe today, maybe after more highs, not sure.
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market broke 18ma, next support lower BB at 4030. Any bounce to 18/20ma is a solid short opportunity, if they get it up there tomorrow.