Watch this SPX Level into Week End!

Watch this SPX Level into Week End!
December 24 20:52 2018

Merry Christmas folks, many of Americans are going to be blindsided when they see their quarterly statements seeing as this was the worst December on record. Glad we kept you out of trouble here and we are looking for a place to get back in.

I think we are getting close but until we CLOSE on some highs we are just watching.

If you scroll out and take a longer term view you will see a blatantly obvious bounce level.

This is the 200 week MA that has held on much higher timeframes over the years. I am looking for this to be some support for a vicious bounce, where we will SELL again in the 2650 range likely. Be patient my friends and have a Merry Christmas!!!

 

  Article "tagged" as:
  Categories:
view more articles

About Article Author

heyimsnuffles
heyimsnuffles

Just Climbing the Wall of Worry and Picking the Right Time to Get out of the Way. I am a Nuclear Engineer who quit and has studied global and crypto markets for almost a decade.

View More Articles
write a comment

0 Comments

No Comments Yet!

You can be the one to start a conversation.

Add a Comment