Member
Posted 11 April 2018 - 03:39 PM
....barely so, on a day when the bulls had a great opportunity to break out of the recent congestion.
The 50ma crossed down below the 100ma, but barely so, and may be not THE deciding factor in market direction. See chart below.
The important SPX levels are:
2696 - 50ma and 100ma
2672 - 5-day high
2658 - 20ma (next resistance level) YELLOW l
2642 - close today
2596 - 200ma
2586 - 5-day low
A fool and his money... (the second mousie gets the cheese)
Posted 11 April 2018 - 04:15 PM
Member
Posted 12 April 2018 - 12:34 PM
Tested SPX 2670/75 FIVE times today
For the bullish case it MUST close above 2653; better yet, if it can close above 2672
Member
Posted 12 April 2018 - 01:11 PM
The way gold and oil are acting along with their equities, really smells like something big is in the air geopolitically. Maybe its Syria, or N. Korea or Iran or perhaps something else. Or more shadow boxing with China and/or Russia. I'm thinking major geopolitical events will transpire soon, most likely in the next two weeks.
