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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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.