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Thursday, 8:27 a.m. PST. The SPX at 2633 but hit 2641. 2640 is a key level for the week
But in this broad range action of flitting up and down, it's--at this point--profit taking territory
The SPX should have collapsed deeper than 2596 today, if the bears were to be truly in control. But this seems like just a set up for launching...
My theory says that the SPX will go back to test the 2700 level--I haven't bailed on my positions. I averaged in and if it hits 2710, I can exit...
Ok. a 50 handle rally since the nadir of Friday at 2585. A key for the week is rallying above around 2640 level.
Quite a collapse. But my theory says that the price shall go back up to the 2700 level at some point. And at that point, we'll have to look at...
I think the SPX hit the 200 MA on the daily chart
Ok. Entered long again at 2603
I averaged in at 2627. I wanted the SPX to hit 2615 or 2600 for another long entry. But it looks like it's going to go up now. It's 11 a.m. PST...
But this price action beats the price hovering between 2850 and 2870 forever, with only a 5 or 10 handle move each day--which may actually happen...
Exactly. Any purchase non above around 2720 should mean a person can 1. either profit or 2. minimally, break even. As to what happens after...
Not looking positive for the bulls today intraday. They lost that key 2670 level. But, the price shall return at some point for the bulls in the...
The 4 hour chart is forming an inside bar. We should know tomorrow where the price wants to go--but according to my theory, we are in a buy zone....
It feels like we could be at 2850 right now and people would be thinking the price is high but ok. From that standpoint, the price at 2675 is...
From a broader perspective, the SPX is range bound within a broad range: basically, 2650 to 2800. This suggests that the price favors the bulls.
Step; by step for the bulls. A next key level for today = 2695
There we go. It's 9:17 a.m. PST. The price popped above 2670.
Ok. 2670 at 9:13 a.m.PST is an important level intraday for the bulls
Ok. I averaged in at 2673 SPX. If it collapses more, I shall probably enter long some more. The SPX will go back up, according to my theory....
Yesterday the bulls couldn't close at 2725. And so, it gapped down. But it's in an area that is appetizing for averaging in. The price will...
