SPX: Another BULLSEYE! Is there a Bottom now?
• Today, SPX hit our target at 3,911, as we described yesterday (the link to my previous public analysis is below this post);
• So far, there’s no bullish reaction indicating a possible bottom. In the lack of signs confirming a bottom, the next stop is the 21 ema;
• The volume is still low, which reinforces the idea of a correction;
• Any bullish reaction near any of these supports might indicate a buy, as there’s no reversal sign on the index yet (it is still doing higher high/lows). I'll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
• So far, there’s no bullish reaction indicating a possible bottom. In the lack of signs confirming a bottom, the next stop is the 21 ema;
• The volume is still low, which reinforces the idea of a correction;
• Any bullish reaction near any of these supports might indicate a buy, as there’s no reversal sign on the index yet (it is still doing higher high/lows). I'll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
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