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The aggressive pullback we saw after President Trumps tweet was the perfect set up for a bear flag to form and push down further. That didn't happen, instead all the market did was push and grind higher.
This tells us, all time highs are coming. This tells us now is the time to be aggressive. The market still needs a consolidation, a 4 hour higher lower. But it...
SPX - Three weeks to go to election. Pretty amazing price action this week. After a scary push down on Tuesday. Wednesday, Thursday and Friday did nothing but go up the rest of the week.
SPX is due for some consolidation but all indication is SPX is going to have a big October including a test of all time highs and beyond.
3425 is a key level to hold on any...
Spinning top candlestick at the the top of an uptrend of 7 straight green days. Could be a signal for BYND to consolidate, especially if SPX finally starts to cools down. A push down to 175/170 would be healthy move down before continuing back up.
Keep watching TSLA close, it's falling inline with a lot of the other QQQ and Big tech stocks we mentioned in other ideas. AMD, AAPL, QQQ, NVDA and TSLA are coiling tighter below key resistance levels.
If TSLA can get a close over 431 it could finally trigger the move the 450 and 500+.
Facebook got a nice bounce off the golden pocket with some continuation today. It looks like ready to test last weeks range at 268 and above to 272. A break 272 should trigger and all time high test. FB is lagging some of the other big tech stocks that have already test and failed last weeks high range. Timing may good for all these names to break-out those ranges...
Look at the close on AMD, just below key breakout level. SPY and QQQ just below key breakout levels. AAPl and AMZN range bound below key levels.
The market is coiling for a large breakout. It may not be ready tomorrow, maybe not even this week but it looks like the levels are going to break. Keep an eye out and set alerts, when we get closes over these levels it...
SPY bounced all the way back to the key 341.77 level. A break of this level should trigger an ATH+ run. Don't be surprised to see a double inside day tomorrow as market continues to digest stimulus talks.
A 4H close above 3425 would confirm that October is going to be a crazy bullish month! Watch for another fake-out above. Probably need a good breakout and back test of this level or at least ~3431 but after that, we are gone.
SPX was strong overnight. Look for a lot of tickers to have inside days today as the market continues to digest stimulus news and what has been a busy 24 hrs. Vice Presidential Debate tonight which also lead to a quieter session. Any stimulus news, good or bad, will move the market. Currently rejecting the 3389 level but room to get back to 3411.
Over 3411 and...
$SPX looks like it was bound to reject this level regardless. Trump tweet just sped up the process. If 3359 level and GP can hold, we should get another test of the 3425/3431 level this week. Big scary red candle, but pretty bullish looking chart. See what overnight brings.
SPX with a key back test of the 3389 level overnight as it's trying to break up over the 3411 level. If it can over 3411 it should trigger a test of the key 3425 level. This is a key level from our double top back in September.
SPX is opening stronger than NAS and this is mainly because of energy and financials. If energy and financials are able to join this...
Here are the the key levels in SPX range. The chart is actually of SPX500USD as there is more trading information available. Look for SPX to continue to scale the wall of worry as it grinds up and back to Al time high levels.