Toady the SPX came a few points below Fib resistance at 2615.
Intra day wave pattern is bullish and looks like it push above 2615 to 2617, If so next resistance is at 2626 this is .618 retrace of the drop from SPX 2800.
Above that is .50 retrace of the entire Oct to Dec decline. SPX 2642.
Daily Stochastic is overbought - this indicator can stay overbought for several days.
Daily RSI is just over 50% so far no bearish divergence - implies more upside.
Daily MACD lines are still below zero - implies more upside.
Overall rally from 12/26/18 bottom is steady - this is typical of extended moves up.
Mark
Intra day wave pattern is bullish and looks like it push above 2615 to 2617, If so next resistance is at 2626 this is .618 retrace of the drop from SPX 2800.
Above that is .50 retrace of the entire Oct to Dec decline. SPX 2642.
Daily Stochastic is overbought - this indicator can stay overbought for several days.
Daily RSI is just over 50% so far no bearish divergence - implies more upside.
Daily MACD lines are still below zero - implies more upside.
Overall rally from 12/26/18 bottom is steady - this is typical of extended moves up.
Mark