Technical Analysis: NYMO& .SPX

Hello everyone! Today I want to share some technical analysis with you.

$NYSE(NYSE)$ NYMO Aims at +0:

(1) after a steep divergence of NYMO at the last low, it normally would at least get to above 0 during the rebound.

(2) now, with today's positive move, it should get there.

(3) also, SPX rallies toward MA50=4450-60, which may cause a pause in the rebound.

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Hitting 4458, Targeting 4470: $S&P 500(.SPX)$

(1) in Bamboo Scroll #82 posted Aug. 26, I laid out the path forward for this rebound: "would test the rebound high of 4458" and aim 50% retrace of 4470.

(2) now, SPX is getting there--on time and on target.

(3) that is another 100+ point nailed.

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$S&P 500(.SPX)$ 4490-4500:

(1) in last tweet, I blocked the chart and roadmap, as I wanted to protect our subs' privilege; now, since SPX almost touches 4490, I give you the original chart with target of 4490-4500 for this rebound.

(2) this level also coincides 61.8% retrace & green trendline.

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