Hello everyone! Today i want to share some trading analysis with you!
1.
Too Bullish to Rise Higher: $.SPX(.SPX)$
(1) the latest AAII survey registered the highest bullish sentiment over two months--almost half of participants are bullish.
(2) so, at the very least, the market exhausts its fuel for climbing much higher--just like the previous high in mid-Sept.
2.
$.SPX(.SPX)$ 5860 reached--2-3 points away from the actual 50% mark of 5858. Be ready for a large rebound here.
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