SPX is strong. Can we see ATH before the rate hikes?
Hi everyone,
Weekly SPX update here.
Strong grind higher continues.
Today we gapped down at the open on CPI news before market open.
However, the gap was filled in the first hour and a half of trading.
Strong rebound after bad news tells me that investors are optimistic about the equity market future.
My levels are working great.
Below:
4529
4496
Above:
4613
4672
Now:
4583
Let me know what are your thoughts on the near future of the market.
As always, trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise.
Weekly SPX update here.
Strong grind higher continues.
Today we gapped down at the open on CPI news before market open.
However, the gap was filled in the first hour and a half of trading.
Strong rebound after bad news tells me that investors are optimistic about the equity market future.
My levels are working great.
Below:
4529
4496
Above:
4613
4672
Now:
4583
Let me know what are your thoughts on the near future of the market.
As always, trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise.
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.