THURDAY JAN 26,2023 NOON EST UPDATE
1.S+P 500 CONTINUED ITS SHARP REBOUND ADVANCE
FROM 3950 LOW ON JANUARY 25, TO 4050 HIGH THIS MORNING,
A QUICK 100 POINT MOVE RALLYING AGAINST VIX 20 RESISTANCE,
THE IMPORTANT DIFFERENTIAL LINE BETWEEN FEAR + GREED
IN OPTIONS TRADING, A SHORT TERM WIN FOR THE BULLS,
REGAINING 4015 SUPPORT LEVEL.
2.
50 DAY MOVING AVERAGE 3939
200 DAY MOVING AVERAGE 3959,
ARE TIGHTLY COILED WITH COMPRESSION,
SO A CONTINUED SHARP BREAKOUT MOVE IS EXPECTED.
3.
IF THE BREAKOUT IN THE PATTERN OCCURS TO THE UPSIDE,
THERE IS STRONG POTENTIAL FOR A "GOLDEN CROSS" BUY SIGNAL
TO BE RENDERED ,WHICH COULD KEEP THE ADVANCE MOVING TO ..4100.
4. PLEASE NOTE:
STOP + REVERSE SELL SIGNAL ON A MOVE BACK BELOW 4000/ 3950
POTENTIAL REVERSAL "BULL TRAP" ABOVE 4015 CANNOT BE RULED OUT
NOON OPEN 4029.44
THE_UNWIND