Thanks for posting. Perfectly within blue lines.. if that's in play, we will see one more run up with higher highs.. amazon apple earnings could help them to do just that.. based on that chart blue lines intersect next week Tuesday/Wednesday? I'm going to bet on SPY going down but what do I know?
Price of $SPX is about 2851 at the moment. That is the lower bb and the 100 day. Even though the lower trend line will be broken in a substantial way, remember closings and confirmations are always important. Even though down is the direction for markets that makes most sense we traders do not control the market.
Be alert. Be nimble. Don't let greed and emotion destroy trades or equity. In a sane world the markets should not have bounced to this level or even run to the previous high. It likely means games and manipulation will occur on downdrafts as well. The financial elite will protect their equity at the cost of the masses. Don't think they were't selling on this excessive rebound.
Read your charts. Protect your equity. Trade smart. There is great opportunity here no matter which direction the market goes or how volatile and schizophrenic the moves are as long your plan is solid and not just a goal to get rich quick..
Green trades Everyone. Good Health to all.
All in one old man's opinion and not specific investment advice. I am not a financial professional nor qualified to direct any trading. These statements are simply opinions and not specific trading directions or recommendations.
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