Immediate resistances:
3389.15
52W High: 3393.52
Since May 15 when SPX touched, crossed, and rebounded from the EMA 50, the rally kept going up.
RSI at 68.9 just about to test the 52W High.
Time for being cautious about any new entries.
If a new all-time high is set, then a bullish momentum may arise.
TVC:SPX
Foresee an even lower low for Embraer NYSE:ERJ as per the trend/fibo projection.
– Stock below moving average;
– Fibonacci levels past 100%;
– Downtrend without reverse signal;
– High Volume;
If below 5.81, it may test new supports at up to 3.50.
If above, it may try to keep oscillating below 7.80 and maybe 9.11 until regaining force; RSI is currently...
SPY testing 200 EMA;
shall cross above the moving average and the bullish trend will continue stronger looking for $310
indecision until exiting the triangle-flag pattern
reverting, it can go back down to $265
Bulls winning continuously for the last month, new historical top every week, and shares looks like to continue on the uptrend. Immediate support at $112 followed by $108. Relative strength index around 80, so if a correction happens on Fibonacci (0.618), the $103+ would be a good entry point for me.
After achieving $120 top, looks like $BABA is performing a first big fall back to maybe the Fibonacci 0.618 ($97.45). The RSI shows the strength coming down while the stochastic confirms the downtrending.
