Short Pullback Bigger Rally

26 Nis

SPX Daily Chart

SPX has made two island reversals and gapped up.

There are two resistances near 5500 and 5700. Some short pull backs in this region.

Thereafter, a rally up to the earlier high of 6200.

1 May

İşlem aktif

SPX formed a continuation gap today, increasing the chances of going higher.

27 May

Not

SPX gapped up today. Momentum to go higher has built up. Some resistance at 6000 before hitting 6200.