$S&P 500(.SPX)$ Price action is suggesting a horizontal entrance to the Bollinger range, today's first step held above $5409, a S/R level.
As long as $Cboe Volatility Index(VIX)$ continues below its 20DMA, the consolidation can be horizontal, even with a hot RSI (see previous occurrences). Needless to say that $5409 has to remain as support for SPX.
CPI injected fuel to the rally, in my previous post I indicated the access to a publication for everyone (free) related to inflation and interest rates.
Like and repost for more open for everyone publications.
$NASDAQ 100(NDX)$ $iShares Russell 2000 ETF(IWM)$ $NASDAQ(.IXIC)$ $iShares Russell 2000 ETF(IWM)$ $NVIDIA Corp(NVDA)$
Comments
Great article, would you like to share it?
Great article, would you like to share it?