Friday May 19th
It is the final trading day of the week, so let’s review the market action… SPX – The SPX backtested the break out trend line and bounced after filling a gap. Please read the chart. Some may think that this is the dcl, and the “buy the dip’” team has rescued it again. That […]
May 18th – Change
Wednesday brought along some changes, so let’s take a look at what we have… . LONGER TERM VS SHORT TERM SPX #1 – We are due for a DCL & and ICL in the bigger picture, so I had posted these charts on May 4th showing possible ICL targets … And MAY 13th for the […]
Wednesday May 17
This mornings futures show the markets down a bit, but they have been holding up well lately, especially the Tech area. Let’s do a little pre-market review… . SPX chart from Yesterdays report. We are still due for a dcl, but the pullbacks have been shallow. I like to use the NYA too, and this […]
