If one looks at the market through the SPY this Tuesday, one can see that the index is set to meet a resistance cluster near the 270 mark.
If that level gets passed, we can confirm that the bull market has resumed and the recent "slump" was just a retracement on a larger scale.
However, if the resistance holds ground, another retest of the recent lows might be possible.
If that level gets passed, we can confirm that the bull market has resumed and the recent "slump" was just a retracement on a larger scale.
However, if the resistance holds ground, another retest of the recent lows might be possible.
交易结束：到达目标:
Done. 270 reached. Now watch the next developments near that mark.
评论:
275 holds together with the 200-hour SMA. Watch that to be broken. If that occurs, 280 is the next target where the monthly pivot point is located at.
评论:
The resistance was broken. That indicates at a continuation of the surge.