US Markets Drinking Red Bull? Got Wings Or Just Flapping For Now
Some Positive numbers, let me repeat + p o s i t i v e this week pushing both the S&P 500 and Dow Jones to recover lost ground since earlier months in the year.
This is an update from previous posts that depicted the SAFETY ZONE (now previous high) for the market to reach, this will show that economic sentient has regained the power and strength that covid destroyed and also the prop’d up economy. Therefore the below remains the same until a break of this safety point;
VERY BEARISH if the following transpires before breaking the above safety points:
S&P: If P action closes below the orange line at 2723.3 attention will turn more bearish and watch for market to fall to 2460.2. In this instance will reassess market dynamics as it may bounce in this range or continue to fall
Dow: The same flows for Dow Jones with P action closes below the orange line at 22931.5 attention will turn more bearish and watch for market to fall to 20842.4. In this instance will reassess market dynamics as it may bounce in this range or continue to fall.
If a rise to Safety Zone seems the world is running ‘normal economics’ again.
*Note, not endorsing Red Bull, however sometimes need a 'pick me up' watching these charts all day.... 🔋🔋🔋
VERY BEARISH if the following transpires before breaking the above safety points:
S&P: If P action closes below the orange line at 2723.3 attention will turn more bearish and watch for market to fall to 2460.2. In this instance will reassess market dynamics as it may bounce in this range or continue to fall
Dow: The same flows for Dow Jones with P action closes below the orange line at 22931.5 attention will turn more bearish and watch for market to fall to 20842.4. In this instance will reassess market dynamics as it may bounce in this range or continue to fall.
If a rise to Safety Zone seems the world is running ‘normal economics’ again.
*Note, not endorsing Red Bull, however sometimes need a 'pick me up' watching these charts all day.... 🔋🔋🔋
