well as you may know my conviction was that we put in a trade
low last Thursday with those black candle doji candles and
discussed that on the weekend along with supporting evidence from a
variety of things.
In last night's newsletter I was quite bullish and we've had a
strong really today. Short term the SPX pulled back near
resistance 4070 - 4090, if we can clear that it opens up the door
to the next levels (level to level trading/analysis) of 4150 -
4250. We broke a symmetry today - this rally is the largest rally
since the late March highs so there is higher odds now that a
pullback forms a higher low. If you are long it's up to you to
either stay long, or take some profits and look to buy again at a
higher low. And also react depending on what price does at this
resistance zone
So, does this rally have
Posted by steverobin on 26th of May 2022 at 02:39 pm
So, does this rally have legs?
well as you may know
Posted by matt on 26th of May 2022 at 02:49 pm
well as you may know my conviction was that we put in a trade low last Thursday with those black candle doji candles and discussed that on the weekend along with supporting evidence from a variety of things.
In last night's newsletter I was quite bullish and we've had a strong really today. Short term the SPX pulled back near resistance 4070 - 4090, if we can clear that it opens up the door to the next levels (level to level trading/analysis) of 4150 - 4250. We broke a symmetry today - this rally is the largest rally since the late March highs so there is higher odds now that a pullback forms a higher low. If you are long it's up to you to either stay long, or take some profits and look to buy again at a higher low. And also react depending on what price does at this resistance zone
Thank you! A strong case
Posted by steverobin on 26th of May 2022 at 03:48 pm
Thank you! A strong case for further upside.