$SPX - Chart Link- so clearly all day was a
Trend day - gap up, you could have bought the gap, and price got
stronger throughout the day.
we even got the afternoon second high pop
that said, monitor 60 Stochastic now, if it falls below 80%
(fast stochastic is oversold so this could be a place to bounce
again soon) that could spell some pullback in afternoon.
certainly the market has come a LONG way from the lows early
last week
SPX Trend day
Posted by matt on 27th of Dec 2021 at 03:04 pm
$SPX - Chart Link- so clearly all day was a Trend day - gap up, you could have bought the gap, and price got stronger throughout the day.
we even got the afternoon second high pop
that said, monitor 60 Stochastic now, if it falls below 80% (fast stochastic is oversold so this could be a place to bounce again soon) that could spell some pullback in afternoon.
certainly the market has come a LONG way from the lows early last week
Update: SPX Trend day
Posted by matt on 27th of Dec 2021 at 03:50 pm
$SPX - Chart Link- price bounced right off that 50 SMA
Outside BB today; took some
Posted by mitchell on 27th of Dec 2021 at 04:02 pm
Outside BB today; took some off table. I like the trend but didnt think it would run to 4800 by today.
Great job. I did the
Posted by fundamentalvalues on 27th of Dec 2021 at 04:06 pm
Great job. I did the same as I posted earlier in my one IRA, very happy to declare victory on that portion.