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03/16/2019 Weekend Update
03/16/2019 Weekend Update
Up 1 week, the next week has 78% chances to make a higher high.
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BullBear52x
- Posts: 29569
- Joined: Tue Feb 22, 2011 3:47 pm
Re: 03/16/2019 Weekend Update
From "It is what it is department" SPX breakout with high volume, this is bullish from charting 101. for the trend following, multi-time frame view: Weekly = Bullish (Last sell failed, buy dip); Daily = bullish (last buy dip were good with new HH); Hourly, 5min. are all bullish. a little overbought but it is common for a bullish breakout
Volume is good to support this run up, until the nest sell volume pops to say otherwise.
$VIX is Fearless market.
What's for Monday? support is clear here, bull breakout headfake only if it trades lower than 2813ish.Keep it simple, Peace!
My comments are for entertainment/educational purpose only. NOT a trade advice.