Just Like clockwork...

[wingchaser]

Having peeked @ the Futures (this mornin’), I can say with added concern that the “tail” on the top of the candle may lend itself to a mild retreat in momentum…

https://www.cnbc.com/2023/01/23/stock-m ... close.html

Best of Luck (everyone) in all you choose to endeavor!!!

[harpole]

If S&P holds support at the 200DMA, then wouldn't this be a positive sign that the market is shifting out of a bear market? The more closing days above the better? Or could this be a trick, as the dumb money is moving back in? I'm itching to get back in...

[jatelle]

If S&P holds support at the 200DMA, then wouldn't this be a positive sign that the market is shifting out of a bear market? The more closing days above the better? Or could this be a trick, as the dumb money is moving back in? I'm itching to get back in...

I would say more holding support at the 50 SMA at about 393 would be a strong indicator for at least a short term shift.

[bloobs]

If S&P holds support at the 200DMA, then wouldn't this be a positive sign that the market is shifting out of a bear market? The more closing days above the better? Or could this be a trick, as the dumb money is moving back in? I'm itching to get back in...

I saw a chart that showed dumb money is/has been increasingly buying in this month while smart money buys are stable--so this backs up the dumb money FOMO action that is what is driving this month's rise.

To me, until the 50/200 day golden cross happens (which it could in the next few days) we are still in a bear market in the mid-term.

[jatelle]

If S&P holds support at the 200DMA, then wouldn't this be a positive sign that the market is shifting out of a bear market? The more closing days above the better? Or could this be a trick, as the dumb money is moving back in? I'm itching to get back in...

I would say more holding support at the 50 SMA at about 393 would be a strong indicator for at least a short term shift.

What was REALLY important TODAY was how price held the support of the Nov 29 low (393.3) - which was also the 100 SMA level during that time. This served as the support for the last TWO big upswings on Nov 30/Dec 1 and Dec 13th. Also, today's session closed above yesterday's close. Altogether this is very promising and now opens the door to retest these highs! Had this support failed then we would have seen a massive flush down.

[wingchaser]

Impressive rebound off of 1030 hr. Low, finds Indice closin’ right or near Sessions’ High…

https://www.cnbc.com/2023/01/24/stock-m ... close.html

Best of Luck (everyone) in all you choose to endeavor!!!

[jatelle]

If S&P holds support at the 200DMA, then wouldn't this be a positive sign that the market is shifting out of a bear market? The more closing days above the better? Or could this be a trick, as the dumb money is moving back in? I'm itching to get back in...

To me, until the 50/200 day golden cross happens (which it could in the next few days) we are still in a bear market in the mid-term.

We are going to know the way this market is going really SOON. The indices are approaching BOTH the golden cross and the 50 MA Bull Cross (50 EMA over the 50 SMA) possibly at the SAME time - as early as Jan 31. Buckle up!!

[wingchaser]

Nice GAP UP Candlestick infers continued Short-Term momentum (likely)…

https://www.cnbc.com/2023/01/25/stock-f ... nings.html

Best of Luck (everyone) in all you choose to endeavor!!!

[wingchaser]

Bottom dropped out @ around 1530 hrs, leavin’ a LONG UPPER SHADOW Candlestick in it’s wake…

Short-Term propensity could see Index fallin’…

https://www.cnbc.com/2023/01/26/stock-f ... treak.html

Best of Luck (everyone) in all you choose to endeavor!!!

[megalush5]

Supposed to enter into S fund today per my strategy. Just have this sinking feeling that a downturn is inevitable. Nice positive gains this January while I’m sitting in G fund(per strategy). Can gains increase in next couple of weeks? Feels like I’m entering at the top of a rally and that doesn’t sit well…. I know, I know. That’s why I have a trading strategy, to take the thinking’s out of it!

[wingchaser]

Indice closed right @ Sessions’ Low, (once again) leavin’ an Upper Tail in its wake. This could lend itself to even further decline…

https://www.cnbc.com/2023/01/29/stock-m ... close.html

Best of Luck (everyone) in all you choose to endeavor!!!

[12squared]

NYSE IT Breadth Momentum Osc (ITBM) may be rolling over. This slow to change (based on slope) market breadth metric seems to stay on one side of the other of its MA(3) for a long time. It crossed below it yesterday 1/30. The last time was 12/5/22. It's also at a relatively high level.

NYSE breadth Oct22-Jan23.png

https://stockcharts.com/c-sc/sc?s=%21IT ... 5183011398

[ripp002]

Market looks like 2019, so far....

[jatelle]

Price is retesting yesterday's high (405.13) - watch for a big push at the end of today's session. If it can break through it is a good sign that there is still more to come.

[bloobs]

Price is retesting yesterday's high (405.13) - watch for a big push at the end of today's session. If it can break through it is a good sign that there is still more to come.

So does being $.07 off yesterday's high mean it did not break through?