50ma/200ma SPX Death Cross - half a point away, time to BUY?
Posted 06 December 2018 - 11:32 AM
bounce in progress, how high?
Should see another test of SPX 2620 later or after NFP jobs report tomorrow
Posted 06 December 2018 - 12:02 PM
Looks like a ST low in place but... let's see how far down the next selling spike is
Posted 06 December 2018 - 12:27 PM
Powerful bullish thrust on the SPX hourly
Not saying this leg down is over but you got to go with the market
Edited by dTraderB, 06 December 2018 - 12:27 PM.
Posted 06 December 2018 - 12:35 PM
very good news about China deal being oeverlooked today because of the Huawei arrest.
Chinese financial minster wants to impliment changes from dinner immediatly
Posted 06 December 2018 - 02:10 PM
another green hourly SPX candle
bounced 20 points from the low in previous hourly candle
bullishly constructive, so far
Posted 06 December 2018 - 03:04 PM
That's the ST low for this leg down, unless it tanks during the last hour.
How high will it bounce? First target is SPX 2697; if it can't get there then it is back don to 2600 and possibly to the 2018 lows.
Posted 06 December 2018 - 03:29 PM
1% bounce. Bear is resting.