$SPX - Bullish Percent
$.SPX(.SPX)$ - 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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