Well look at that, SPX finished right at my resistance level. I have conflicting signals right now, so I'm going to wait and see before trading tomorrow. SPXU re-entered an old downward channel and SPX RSI (15 min) is oversold. Two really bullish days is a good signal from the bulls. However, there is a ton of bad news out there.
If it is bullish in the next couple of days, I see it heading back to 2575 where it hits some resistance.
If it is bearish, I'm looking for around 2250ish for resistance.
If it is bullish in the next couple of days, I see it heading back to 2575 where it hits some resistance.
If it is bearish, I'm looking for around 2250ish for resistance.
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Bulls and bears sluggin' it out. I think this favors the bears atm.
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Bulls need a higher high otherwise bears are going to take over.
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Wow, another late day rally. Bulls looking like they found their wings... still holding for further confirmation.
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That's why you wait... completely fell apart for the bulls. Looking for sell off at the end now.