This mornings rally continues the subtle strength shown by the market yesterday when the S&P broke above the downward sloping trendline that has served as overhead resistance since the beginning of the year. We will now get a retest of support near the lows, and will be watching for internals and volume to confirm this as a legitimate short-term bottom.
Good Trading
Good Trading
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.