SP500 - It's a buy until it isn't

2022年8月26日

This morning the market is showing more strength than I expected yesterday. As far as I can tell it still looks like all pullbacks to the trendline will be bought. I expect the Powell speech to help us sell off to around 4160 on the e-mini futures, but to me it's a buy unless they break below 4140. People are still very bearish and frankly I don't see the market cooperating with bears at this time. Again that low rsi with 4 hour bullish divergence still looks like it was a strong buy at 4110.

2022年8月26日

注释

ABC looks right here - C should be the dip to buy if this is correct.

2022年8月26日

注释

at the trendline, could go a wee bit lower first

2022年8月26日

注释

holding trendline so far, OIL is also at support.

2022年8月26日

注释

trendline break, they need to get it over 4140 by EOD for it to look like a bear trap. Under 4100 would be a strong case for bears to sell all rips.