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Sell time after expo?


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#1 tommyt

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Posted 16 March 2017 - 08:35 PM

The Mc Osc gave a nice oversold bounce rally and has now snapped back to almost the 0 line, right into expo. This will be a test coming starting next week. Mixed bag overall with the NAZ at highs, SPX not far away, and the Russell showing more weakness. Normally the Naz and Russell lead the moves. VIX has gone sideways all year and not saying much that it hasn't for awhile. Bull still gets the nod IMO, but landscape is slipping slightly.

 

http://stockcharts.c...id=p83733137120



#2 Iblayz

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Posted 16 March 2017 - 09:14 PM

SPX cash WILL take out the 3/15 high print. Question is.......will it make a new all time high? It is not guaranteed. SPX high of October 11, 2007 was NOT taken out when the Nasdaq and the NDX both exceeded the 10/11/07 high on 10/31/2007. Granted.....those were not all time highs on the momo indices but.......it is fact that SPX cash made a lower high. One thing I am fairly sure of.........if the SPX cash prints near the 2392 area (and it will), there is no reason to believe that it won't make a serious attempt at a new high.