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rhight wrote:The view from here, will 1284-1285 become support (20 DMA)?
Yes, I guess the 20 DMA is crucial, now at 1284.13, SPX must close above. On my hourly chart I got a buy signal 10 minutes ago.
I'm cautious, the TRIN is bearish, and TICK is negatively divergent, although rounding bottom pattern appears to be forming on Daily from 6/7 to now. 1291.3 is 38.2% retrace from 6/1 high to 6/16 low. May go long on next 60 min pull back. The market is all about the Euro right now it seems. How to do you technically analyze politics?
Swing to Intermediate SPX Analysis - multiple time frame - Daily & 60 min time and price cycle analysis.
Usually trade SSO / SDS
this is some end of month / quarter window dressing.. i still say we get to 1310 by next week. because EVERYONE is waiting to get short so the market will continue to climb
agnosia wrote:this is some end of month / quarter window dressing.. i still say we get to 1310 by next week. because EVERYONE is waiting to get short so the market will continue to climb
we should buy here and there until then but no overnight holding on long trade on any indexes.
My comments are for entertainment/educational purpose only. NOT a trade advice.