SPX closed slightly above its Primary Downtrend Line (thick black). That's is very bullish, especially since the number new lows dramatically dropped. I think we are on our way to take out recent highs in indices.
I didn't do my buying at 1600 as I had planned. I am going to wait for a back test of Downtrend Line and do my 2nd buy then, early this week hopefully.
I didn't do my buying at 1600 as I had planned. I am going to wait for a back test of Downtrend Line and do my 2nd buy then, early this week hopefully.
Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation. Furthermore, the opinions expressed may change without notice.
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