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
well as you may know
So, does this rally have legs?
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.