A strategically timed tweet just after open this morning helped the bulls win today’s battle and took prices up substantially higher. We projected yesterday that prices may rise into the price zone that spans the high and low of August 8. $SPX $NDX ended up rising very bullishly to reach the high of August 8 again. So let’s put all this in perspective.
Updates from market internals
NYSE and Nasdaq Advance Decline cumulative lines rose up a bit today, but not with the same bullish magnitude that saw in price actions of $SPX $NDX $RUT.
The rest of this article covers:
Updates from market internals (more)
What happens to the status of Major Pullback2?
Table of support and resistance levels
How to approach your trades
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