Confirming Strength:
-Short term liquidity trend: 'uptick' in positive_daily inflows 'uptick' in positive
-New Lows: 13 < 28 danger zone < panic zone 50
Confirming Weakness:
-SPX 500 May 23 'Sell' Alert
-SPX 500 C-RSI 9 < C-RSI 30
-Long Term Trending Fed- /Foreign net- Liquidity Inflows_'uptick' in contraction
-Institutional selling action_if institutions break the support line with a lower/low = have broken the selling uptrend
-VIX 17.17 > 15.23 support < 20 stress level_long-term resistance 24.65_D/Vol 'downtick'
-New Highs Trending Indicator: 76 < 180 minimum target
-New Highs Trending Indicator: 76 < 180 minimum target
-NYSE_(= hft-zone)_C-RSI 30 0.001_negative NYA-Momentum
-Leadership stock ratio: +0.34 neutral
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Stocktiming.com recommend:
- mixed to positive intraday bias_strength neutral
- Conservative: May 16_upside potential < downside risk = 'go to cash'_May 23 'Sell' Alert
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Today's Session:
hedged *1378 - reducing
...the market gains positive momentum above the *1303/*1313 key overhead resistance
Today's Session:
hedged *1378 - reducing
...the market gains positive momentum above the *1303/*1313 key overhead resistance
...the SPX 500 pushed past the *1303/*1313 key overhead resistance in todays trading so far - setting the tone for further gains to target the June 1 High *1345 if the market can continues to trade above the June 2 High *1319 - first line support slips up into the current *1291/*1301 range - worsening short term overbought condition introduces high risk for a corrective move to affirm support at *1292/*1301
Kind Regards
Kind Regards
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