SPX Bounce Anticipated by Oversold Bollinger & Stochastic

SmartReversals
11-26

$S&P 500(.SPX)$ The combination of oversold conditions relative to the Bollinger bands and the Stochastic curling up in oversold zone anticipated well the bounce.

The first test for the bounce is at the diagonal zoomed in 4H. When consolidated, the 20DMA will be the next hurdle to overcome.

Market Momentum: All 4 Major Indices UP, Confirming a BULLISH Day.

Conditions are becoming FAVORABLE as broad market strength returns. Time to watch those charts closely.

Market dislocations are wealth transfer events. They transfer wealth from those who panic and sell to those who remain disciplined and buy. Your response to the next crisis will determine which side of that transfer you're on.

For SG users only, welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD 5000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.

Click to access the activity

Other helpful links:

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.

Comments

We need your insight to fill this gap
Leave a comment