The Dow Jones already has a golden cross on the daily thr nasdaq does not and the s&p is on the verge of forming one any day now literlly within a few days if they are still green ones. It's also at the level of resistance where it has always reversed from before. Will we finally break through it this time with a 90%+ chance of a .25 low rate hike? Or will it be a repeat of the same as before and fall down to another low. If it does fall it could possibly form a double bottom letting it get ready for a strong push up.. and letting everyone get in on all these gains we have so far that you may have missed.
Commentaire:
called this bullish breakout