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So, the SPX just hit 2649 at the close on Wednesday
$TICK hitting 600+
But at this point, everything is pointing towards the 2700 level as the key level from multiple perspectives
From a fundamental perspective, that "tweet-a-holic": is simply creating buying opportunities for institutional traders. If we were at 2850 right...
I mentioned anything under 2600 is a strong buy zone. It is still an attractive buy zone from 2600 to 2650
Institutional traders are buying and buying...
Looks like today may be a ranging, inside day and tomorrow we may learn what's really going to happen--up or not--although the institutional...
For the bulls, two key catalysts might be: 1. the April NFP and 2. earnings coming up soon. If things are interpreted as bulllish, a test of...
There we go. More like it. 2577 now
Struggling at that 2570 level. Hmmm.
There we go. Above 2570. At 2572
The SPX seems to be looking to rally to that 2580 level intraday
THe SPX collapsed to 2553. Monday 11;54 p.m. PST It's at 2569. Buy zone
Even if the price were to collapse to the 2540 level, that 2700 level is looming large in the minds of institutional traders--according to my theory
If the price collapses to the 2600 zone next week, that might be an excellent time to go long--again
Maybe. But 2540 to 2600 is still a solid buy zone. And I mentioned that 2600 to 2650 is an attractive zone for many traders. And indeed the...
Ok. The SPX is at 2649. Testing that 2650 level. Well above that key 2640 level
So far, the bulls are in control intraday. Further, my theory says that anything between 2530 and 2600 is a strong buy zone. I also think that...
If the price can close at above around the 2630 level today, that's a bullish sign for next week, according to my theory
If next week, the SPX can rally above the 2670 level, a test of the 2700 level should happen. At that point, I shall have to decide whether to...