good, so far strong and I consider this as the revisit of the morning high, so no failure is allowed from now on, let's watch.
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Cobra wrote:good, so far strong and I consider this as the revisit of the morning high, so no failure is allowed from now on, let's watch.
Yeap, no failure, they need to show that muscle, if close above my yellow line I will clear the way for bulls. double tops intraday still a concern so I'll wait until close to close out my early bird lot.
My comments are for entertainment/educational purpose only. NOT a trade advice.
some statistics to share in 60 years SP500 history.
(1) Since 1950, there are only 5 times that weekly gain percent of SP500 > 8%.
10/7/1974: +14%
11/24/2008: +12%
3/9/2009: 11%
10/27/2008: 10%
8/16/1982: 9%
(2) Since 1950, there are only 3 times that weekly gain > 80 points and have never had > 100 points weekly gain yet.
5/30/2000: +99
11/24/2008: +96
10/27/2008: +92
So far for this week as of yesterday's close, SP500 has up 88 points (+7.6%). Are we going to make a historical +100 points weekly gain by end of Friday? only need +12 points from Thursday and Friday. Interesting to see.
Paging Cognitive. When are you going all in with margin my friend. I got a count in my head now that I think to me it's an 80% probability we're going higher than May spx 1370.