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.

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