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BULLS STAMPEDE! SPX 5K next major target


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#131 redfoliage2

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Posted 26 January 2024 - 11:53 AM

 

 

 

 

Fresh data on the market breadth indicating this bull run is far from over even though the market kept making new highs.  The McClellan Oscillator index just moved above the zero line and this is the first time since the end of last year, indicating the bull run is likely to continue ..........................

 

As the McClellan Oscillator is turning up from the zero line (as it is now) dips like this are likely to be bought quickly.  I'd be prepared for new highs coming .................

 

Recent data indicating money has been moving from big caps into small caps ........................

 

And that means it'll be tough for new highs to happen which btw is really only the mag 7...

 

I see small caps offering more potentials than the mag 7 at this juncture..........................



#132 12SPX

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Posted 26 January 2024 - 12:54 PM

That I agree with for sure, profit stop 4920 and 17550, sell above...



#133 12SPX

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Posted 26 January 2024 - 12:57 PM

Actually gonna put my ES profit stop at 4924, looking for more......



#134 12SPX

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Posted 26 January 2024 - 02:44 PM

Out of my ndx trade for a 35 point profit, sell above...