SPX are we bullish or bearish?
The S&P 500 closed the weekly firmly.
Finally putting in a high volume reversal, has the SPX bottomed here?
One thing is for sure we are still putting in higher highs & higher lows on the weekly time frame.
Until we see the markets give us that lower weekly high its still a tough market to short.
We think about the decline in semis and megacaps after earnings...all eyes will be on NvDA near end of month.
The markets have a strong chance at staying buoyamt into NVDA earnings.
Finally putting in a high volume reversal, has the SPX bottomed here?
One thing is for sure we are still putting in higher highs & higher lows on the weekly time frame.
Until we see the markets give us that lower weekly high its still a tough market to short.
We think about the decline in semis and megacaps after earnings...all eyes will be on NvDA near end of month.
The markets have a strong chance at staying buoyamt into NVDA earnings.
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