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A Breakaway Momentum Signal Triggered


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#11 redfoliage2

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Posted 23 January 2023 - 09:55 AM

Now SPX has got above the 3970 resistance, and so ST I'd expect some more upside to go, though likely to be limited ........................


Edited by redfoliage2, 23 January 2023 - 10:01 AM.


#12 redfoliage2

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Posted 24 January 2023 - 10:38 AM

It's likely that the Dec high at SPX 4100 to be tested this week ................


Edited by redfoliage2, 24 January 2023 - 10:39 AM.


#13 redfoliage2

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Posted 25 January 2023 - 10:29 AM

It looks that MSFT ruined the party.  Now ST support at SPX 3938, let's see if it will contain the selling...................


Edited by redfoliage2, 25 January 2023 - 10:32 AM.


#14 redfoliage2

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Posted 25 January 2023 - 11:01 AM

It looks that the SPX 200 ma at 3961 is trying to hold though it was broken earlier today.  If 3961 holds today bulls still got a chance ......................


Edited by redfoliage2, 25 January 2023 - 11:04 AM.


#15 redfoliage2

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Posted 26 January 2023 - 07:43 PM

It's likely that the Dec high at SPX 4100 to be tested this week ................

https://www.marketwa...ary-11674766251



#16 redfoliage2

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Posted 27 January 2023 - 09:19 AM

ST it's likely to see a back test on the down trend line at SPX 4030 ..........................


Edited by redfoliage2, 27 January 2023 - 09:20 AM.


#17 redfoliage2

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Posted 27 January 2023 - 01:46 PM

Now we have got near the SPX 4100 target (today's high was 4080).  At this juncture we need to see a successful back-test to confirm the breakout.  Without a confirmation I see this as a very risky point to go long, especially before the Fed meeting  ............................


Edited by redfoliage2, 27 January 2023 - 01:54 PM.


#18 redfoliage2

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Posted 27 January 2023 - 04:13 PM

Now we have got near the SPX 4100 target (today's high was 4080).  At this juncture we need to see a successful back-test to confirm the breakout.  Without a confirmation I see this as a very risky point to go long, especially before the Fed meeting  ............................

 

The high of day was actually 4094.21, just a few points to the target ...........................