Bullish Reversal Buy Signal ! Daily Update 8/29/23
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This one is simple. Rarely do they give you something simple in the market. For anyone following my work, today's upside breakout back above SPX 4435 has rendered a "bullish reversal" buy signal on the market.
Note the 4 Hour KST Indicator (Shown Here) now rising "from the bottom" like a phoenix from the ashes and strongly confirming todays breakout market advance.
I had previously shown you that this Indicator an "intermediate" tool in this time frame, had stayed notably BULLISH during last weeks decline to SPX 4365, which was "very important early evidence" of traders successfully buying the market dip. , Which like a winning hand in a card game, simply and easily ...played out today.
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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.