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Ok. On the 4 hour chart, there is an inside bar. And it looks like the price is going above that. So, let's go for that 2850 to 2870 level bulls!
SPX close at 2766. Good enough. As long as it closed above 2760, a bullish close to set things up for Monday.
SPX 2773 with 9 minutes left of Friday. And now above the 200 moving average on the daily chart.
20 minutes left of Friday and the SPX is rallying intra-day. Already at 2764
As I said, the collapse this week happened on vapors [i.e., no real catalyst]. According to my theory, the broad buy zone is from 2710 to 2850....
Things are looking bullish, bullish, bullish for next week
Looks like things are being set up for a bullish Monday. I would have preferred a break of 2800 today but looks like that might happen next...
The SPX collapsed again to 2729. A buying opportunity. I added in to my long positions.
As a swing trader, I am targeting around the 2870 to 2850 level for profit taking. At that point, I shall determine precisely what to do, after I...
Ok. Friday morning. The SPX gapped up. So, we are up around 40 handles from the close yesterday and well above that 2750 level. The key target...
SPX close 2728. Not as strong a close as I'd like for the bulls. But, as the immediate rally from 2710 tells us, we appear to be hovering...
If the SPX closes above 2750 today, the next key task for the bulls tomorrow will be to rally the price above 2800 and close above that. We'll...
Ok. For a bullish day tomorrow, the price action, according to my theory, has to close at or above around 2750 today. POST COMMENT = We just hit...
Wow. A continual collapse. But the SPX shall rally at some point.
Looks like the SPX is gearing up for that push above 2785. Post comment: Nope. Not enough there. But it does look like today may be a ranging day.
And then work on breaking above 2800 and closing above it tomorrow
For today's bullishness, I think the bulls need to rally the SPX above 2785 sometime today and ideally close above it
SPX 2745 to 2783 now. $TICK hit 1127. Institutional buying taking place
The collapse yesterday happened on vapors. No catalyst. It's a mirage. My theory of how all of this works suggest what I just said.
The $TICK showed 1028. Institutional buyers are starting to buy
