Market hanging on by a thread.
- After testing overnight lows, we had a reversal of market internals (UVOL / DVOL, TICKS, Breadth) and rocketed higher closing the day in the highs.
- PCC gave a buy signal mid day, VIX Ratio almost gave a buy signal.
- My take away is we should bounce here, but we need to look for a failure near the daily SMAs (20, 50, 100, 200).
- Downside target if we fail is 444 on SPY.
- Earnings next week + FOMC the week after should accelerate RV. Stay alert.
- After testing overnight lows, we had a reversal of market internals (UVOL / DVOL, TICKS, Breadth) and rocketed higher closing the day in the highs.
- PCC gave a buy signal mid day, VIX Ratio almost gave a buy signal.
- My take away is we should bounce here, but we need to look for a failure near the daily SMAs (20, 50, 100, 200).
- Downside target if we fail is 444 on SPY.
- Earnings next week + FOMC the week after should accelerate RV. Stay alert.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.