Signals & Trading Plan for Tuesday 10/22/19

Projections based on market internals
Market internal indicators are all sending out a highly bullish message.  

The current Bounce is capable of turning into the resumption of the Up Trend that started on 12/26/19.  

However, $SPX $NDX SPY QQQ TQQQ are likely to gap into Resistance1 at open today.  There is still a fair amount of skepticism from buyers about the ability of this market to rise above Resistance2.  

Therefore, there is a high probability that $SPX $NDX SPY QQQ TQQQ will need to drop a bit and test at least Support1 first. 

This test is necessary to assure existing bulls, and to bring in more buyers.  If enough buyers arrive, $SPX $NDX SPY QQQ TQQQ can go all the way to Resistance2, and possibly to rise above it. 

The rest of this article covers:
Table of support and resistance levels

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