Early update today, because of scheduling,
the S+P 500 triggered a Short Term "Buy Signal"
on April 13,2023 by rising above, and then closing above
the "hang point" high of 4134.37 from April 12,2023.
As long as the S+P 500 remains above 4134.37, the buy signal will remain intact.
The upside advance is being confirmed by the KST Indicator,
and the Decline of the VIX, 17.77 Last
Any downside break below 4134.37 would put price back into prior resistance
and that could signify a "false upside breakout" potentially coming at the very end of the upside advance.
Very strong bank earnings this morning from JPMorgan Chase,
whose PROFIT soared 52 %, in the first quarter to 12.6 BILLION
is not throwing any ice on the bullish momentum.
NOTE.
If price does reverse and closes below 4134.37 today,
I will have a "special update" this weekend.
SPX 10 AM OPEN 4160.28
THE_UNWIND
WOODS OF CONNECTICUT
the S+P 500 triggered a Short Term "Buy Signal"
on April 13,2023 by rising above, and then closing above
the "hang point" high of 4134.37 from April 12,2023.
As long as the S+P 500 remains above 4134.37, the buy signal will remain intact.
The upside advance is being confirmed by the KST Indicator,
and the Decline of the VIX, 17.77 Last
Any downside break below 4134.37 would put price back into prior resistance
and that could signify a "false upside breakout" potentially coming at the very end of the upside advance.
Very strong bank earnings this morning from JPMorgan Chase,
whose PROFIT soared 52 %, in the first quarter to 12.6 BILLION
is not throwing any ice on the bullish momentum.
NOTE.
If price does reverse and closes below 4134.37 today,
I will have a "special update" this weekend.
SPX 10 AM OPEN 4160.28
THE_UNWIND
WOODS OF CONNECTICUT