quantguy

Bull Wedge Continues in Stocks

Long
FX:SPX500   Indice S&P 500
Stocks continue to form the bull wedge pattern. The S&P has tested support around 3546, as anticipated. Anyone reading these briefings should have been prepared. The Kovach OBV is still trending upwards, suggesting we may have some propensity to break out. Watch 3632 for momentum if this is the case. Dont be surprised if stocks range for a bit between 3584 and 3632. We are approaching the US holiday of Thanksgiving and gradually the markets will dry up as we near Thursday. If somehow we do get a break down, watch 3483 for support and a potential buy-back.

Join my discord at discord.io/quantguy
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.