BULLISH: My 2023 FF: SPX HIGH > 4600; SPX LOW > 3575

 

I'm not too bearish here and I see it's likely to be buying on the news for tomorrow as it's sold today.............................

Likely to be a big day up .........................

 

Summation index turning up .........................

Edited by redfoliage2, 06 January 2023 - 09:38 AM.

Well isn't this exciting, out for a 10 point profit and starting a long build at 3840 once again...

The probability is high for a bottom here   The transportation sector leading up and the summation index also turning up.   Look at the airlines stocks very strong.  Bears calculations likely wrong ........................

Edited by redfoliage2, 06 January 2023 - 10:02 AM.

BTW, we are likely to see SPX 3900 by early next week .......

Oh my things are slowing down, what a shocker,,,not lol!!  Last year the stockmarket blew up, this year the economy and real estate will blow up.  As I've been saying for 6 months highly unlikely the 10-year yield will move above 4% once again so the Fed is done however that won't stop the slowdown as rates are to high for debt levels.  The grind will continue up and down..... profit stop 3841 for now, see if we get a little bit of a run here!! 

Moving up to 3850 for a profit stop now, hoping for more but the bulls are getting a little to excited here!!

GOP might have reached a deal on speaker. That's worth something to the upside.

Edited by linrom1, 06 January 2023 - 10:56 AM.

profit stop 3870, getting tempting to take full profits!! 

GOP might have reached a deal on speaker. That's worth something to the upside.

More good news next week.........................

profit stop 3900....