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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
Looks like the significant task for tomorrow might be for the bulls to rally above 2800--all dependent on what happens today, of course. But at...
At the 2870 level, I think a lot of traders will be deciding to profit take. And so, it might actually might make sense to exit at that point....
According to my trading theory, the SPX shall rally at some point to the 2870 level. I've averaged in, including buying another Lot long at 2750....
According to my theory, if a person purchased at 2850, a person should be able to minimally break even--but more than likely profitable AS A SWING...
I mentioned 2800 to 2850 is a good buy zone. Non above 2800 is even more solid
More volatile today than I thought. But, it's a good buy level for those who want to go long
Wow. Below 2800. Hmmm.
It looks like that may be it for the day. Some buying--not strong but some signs of it. But, the SPX actually hit that 2800 level I had...
Ok. My final long Lot #4 entered at SPX 2020. I'm finishing averaging in for the day
I entered long LOT #3 at SPX 2825
Of course, the ideal would be around 2800. But anywhere between 2800 and 2840 is excellent. Even 2850 is solid. For long that is. And I am not...
