It looks bulls just made a horizontal breakout. Let's see how high it will go today................................
It's a very low-quality breakout by an opening gap up over SPX 5000, let's see how it will play out. Meanwhile buying dips and selling bounces should work today ..................................
https://www.marketin...llan-oscillator
Suspicious SPX flash spike up to above 5k and then down! That should be investigated..
Osc up today but still brlow 0
https://www.mcoscill...t_breadth_data/
While SPX up but the market breadth down and VIX up a little. Likely a repeat of yesterday, lower in the afternoon as options traders taking profit ...................
At this juncture I'd take some chips off the table on this plain manipulation, it's not going to end well ...............................
Edited by redfoliage2, 09 February 2024 - 11:27 AM.