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ST & IT Long, bulls power on, best January since 1987


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#21 redfoliage2

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Posted 01 February 2019 - 03:45 PM

Strong resistance around SPX at 2710 - 15 and the market was unable to get over it since yesterday.  It looks a pullback in the cards for next week..............


Edited by redfoliage2, 01 February 2019 - 03:51 PM.


#22 dTraderB

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Posted 02 February 2019 - 08:05 AM

Strong resistance around SPX at 2710 - 15 and the market was unable to get over it since yesterday.  It looks a pullback in the cards for next week.............

 

 

That SPX 2710/14 zone seems to be strong resistance and then the 200ma near 2740

 

I still think this rally could go as far as the SPX 200ma, then to 2760 (got to do that to trap as many bulls as possible!)