SPY 207.60's and SPXEW 3184/3185 = key inflection level
SPXEW daily - closed once above this level during October at 3193.11 ...
this high close is the next potential upside target
buyers need to defend SPY 207.60's on pullbacks going forward
SPXEW 2-hour chart -
* no price bar closes below the 50sma since last week ...
see the 50,2 Bollinger Band in the upper chart element
* above the 50,2 upper Bollinger Band for consecutive price bars will represent a signature for continued upward direction ... there is significant upside room for 50,2 Bollinger Band expansion of the Band width
SPXEW daily - closed once above this level during October at 3193.11 ...
this high close is the next potential upside target
buyers need to defend SPY 207.60's on pullbacks going forward
SPXEW 2-hour chart -
* no price bar closes below the 50sma since last week ...
see the 50,2 Bollinger Band in the upper chart element
* above the 50,2 upper Bollinger Band for consecutive price bars will represent a signature for continued upward direction ... there is significant upside room for 50,2 Bollinger Band expansion of the Band width
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
