$SPX - Bullish Percent

SmartReversals
10-18

$.SPX(.SPX)$ - Bullish Percent

As published for everyone freely subscribed last Saturday (link in profile), when the Bullish Percent reaches 80 and the pullback is in slow-motion (as in these days), the market does not pullback like in the red occurrences🔴, it actually presents bullish continuation as highlighted in yellow🟡(not in straight line up).

Anyway, watching the 5DMA as presented in the previous post is key.

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$SPDR S&P 500 ETF Trust(SPY)$ - Indecision at the Bollinger High Zone

As posted during the weekend, the weekly chart for SPY did not present a reversal setup.

5 DMA is still supporting price, so the bullish trend is still on, and as the arrows indicate, the chop at the higher band is not a guarantee of a decline. 5DMA is key.

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Take Profit as S&P Hits 5800 or Hold Till 6000?
As the stock market hits record highs more than 40 times this year, there are concerns that history might repeat itself and another financial crisis could occur. ---------------- Will S&P 500 hit 6000 by year-end as institutions predict? Would you take profit and stay cautious ahead or hold till the year-end?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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