FRIDAY MAY 25th

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Thursday May 24th

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SPX #1 - We saw the break out & Bull flag.  This was Bullish.

SPX #2 - Here I mentioned the GAP open, and the gap may need to fill first...

SPX #3 - Now we got our gap fill and then a reversal higher after the FOMC Minutes release, so ...

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WEDNESDAY MAY 23rd – Hump Day

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REVIEW:  SPX looked like a Bull Flag Last Friday, I expected a break higher.

 

After that break higher, This is copy pasted from yesterdays report.  We should expect a possible gap fill.  Markets could 'stall' to fill that gap.

 

SPX - The markets did move higher in the morning and then closed down, partially filling the gap.  I am seeing short term weakness in some of my other indicators (Not shown), so I'm wondering if this is going to tag that 50sma again? The weakness at this point is nothing too serious and a push higher will help turn those back upward.

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