I am traveling today, so very limited version of the morning notes.
The bulls are pouncing on the bears who have been shorting this entire leg up.
This morning’s open looks to be flat and one can raise your last 1/3 long stop to 3800 and lock in 160 spx if stopped.
Take the trade-off if we see 4000 or just continue to raise your stop and maybe we see 4100.
Enjoy the ride and let the “opinion traders” try and guess the next move, we are in it already!
Have a great weekend–Gary Dean
SPX Hourly Technicals
Stochastics: Neutral/Overbought
Divergences: Bullish Divergences (Playing out?)
Resistance Pivots: R1-3905 R2-3925 R3-3940
Support Pivots: S1-3895 S2-3865 S3-3840
Extreme Investor Network has partnered with sentimenttiming.com to bring you stock Market Trading Advantages.
Want to know exactly when the next turn dates are weeks in advance–try our premium service for 2 weeks free (it moves to $149.99 per month once the trial ends) Use coupon code: 2 weeks Subscribe Now (If you have ANY issues subscribing, please email me at [email protected] and I will fix the issue. Gary Dean -)
