Trading Environment:
-SPX 500 'buy' trigger March 25 _ C-RSI 30 +4.92 strength
-Institutional selling action _'selling limits' expanded_downtrend
-Institutional selling action _'selling limits' expanded_downtrend
-Long Term Trending Fed- and Foreign net- Liquidity Inflows _ 'uptick'_mid expansion
-VIX 18.15_below 20 stress level_long-term resistance 32.70_D/Vol inside range_11 New Lows
-New Lows: 11_below danger 26-zone_below panic zone 50 (+)
-NYSE_(= hft-zone)_positive strength
-NYSE_(= hft-zone)_positive strength
-Leadership stock ratio: +1.06 bullish advantage
Confirming weakness:
Confirming weakness:
C-RSI 30 below +5.00 strength
-New Highs downtrend suggesting market fatique
----------------------------------
Stocktiming.com recommend:
Stocktiming.com recommend:
positive intraday bias
Conservative_long
Conservative_long
---------------------------------
Today's Session:
...the SPX 500 continues to extend higher with the current March 3 Peak *1332 as intraday High so far. Market internals paint a bullish picture today, but unless the February Peak *1344 eats dust in a sustained bullish break-out, expectations of a pending top remain in place
...an overbought sell-off will force the index to correct into the current *1256/*1281 zone
Kind Regards
No comments:
Post a Comment