Incision with the indexes
Market hanging on by a thread.
- After testing overnight lows, we had a reversal of market internals (UVOL / DVOL, TICKS, Breadth) and rocketed higher closing the day in the highs.
- PCC gave a buy signal mid day, VIX Ratio almost gave a buy signal.
- My take away is we should bounce here, but we need to look for a failure near the daily SMAs (20, 50, 100, 200).
- Downside target if we fail is 444 on SPY.
- Earnings next week + FOMC the week after should accelerate RV. Stay alert.
- After testing overnight lows, we had a reversal of market internals (UVOL / DVOL, TICKS, Breadth) and rocketed higher closing the day in the highs.
- PCC gave a buy signal mid day, VIX Ratio almost gave a buy signal.
- My take away is we should bounce here, but we need to look for a failure near the daily SMAs (20, 50, 100, 200).
- Downside target if we fail is 444 on SPY.
- Earnings next week + FOMC the week after should accelerate RV. Stay alert.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.