Great article, would you like to share it?
SPX - Consolidation process has started
@SmartReversals：
$S&P 500(.SPX)$ 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. $NASDAQ 100(NDX)$ $iShares Russell 2000 ETF(IWM)$ $NASDAQ(.IXIC)$ $iShares Russell 2000 ETF(IWM)$ $NVIDIA Corp(NVDA)$ Image
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.
Like
Report
Login to post
No comments yet