Hello traders and investors! Let’s see how the SPX is doing today!
First, in the 1h chart, it is doing a pullback to the 21 ema, a natural movement that was expected by us. In my last analysis (link below) I mentioned that if you missed the last buy on SPX that’s ok, as eventually we would see another pullback, and only then, we might see another buy.
This scenario is materializing; however, we have yet to see a buy sign near this support. Any bullish reaction at the 4,333 area and the 21 ema would be a good sign. As long as we don’t see one, we can’t say it is a buy again.
In the daily chart, we just see a small candlestick, with low volatility. This indicates that the market is pricing the latest events very quickly. Technically speaking, a retest of the 21 ema is expected, and only then, we’ll see if this is a Dead Cat Bounce or not.
It is not a secret to anyone that my goal is to beat the SPX. Right now, I see many incredibly discounted stocks and it is one of the best opportunities for swing traders like me. It is a rare moment, indeed!
Either way, I’ll keep you guys updated every day on SPX, so remember to follow to not miss my future analyses!
First, in the 1h chart, it is doing a pullback to the 21 ema, a natural movement that was expected by us. In my last analysis (link below) I mentioned that if you missed the last buy on SPX that’s ok, as eventually we would see another pullback, and only then, we might see another buy.
This scenario is materializing; however, we have yet to see a buy sign near this support. Any bullish reaction at the 4,333 area and the 21 ema would be a good sign. As long as we don’t see one, we can’t say it is a buy again.
In the daily chart, we just see a small candlestick, with low volatility. This indicates that the market is pricing the latest events very quickly. Technically speaking, a retest of the 21 ema is expected, and only then, we’ll see if this is a Dead Cat Bounce or not.
It is not a secret to anyone that my goal is to beat the SPX. Right now, I see many incredibly discounted stocks and it is one of the best opportunities for swing traders like me. It is a rare moment, indeed!
Either way, I’ll keep you guys updated every day on SPX, so remember to follow to not miss my future analyses!
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👉 Join the 5% Project: thefinancehydra.com/the5project/
