SP500 heading up.
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What happens if the market becomes imbalanced??Trend changes.With tons of bears trapped.Who pay the move since the economy is down? Bears margin calls.Bears magin calls are moving the market now.
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What happens if the market becomes imbalanced??Trend changes.With tons of bears trapped.Who pay the move since the economy is down? Bears margin calls.Bears margin calls are moving the market now.
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We closed a heavy day, we tested our yesterday broken level.Very important that the yesterday breakout was strong and fast .No real rezistence at that level.I consider today just another deep to be bought & hold day .I bought after a big drop to the 1886 level(our prices are 3 points higher)where i suddenly closed all my shorts.We are also suported by 2 weekly green candles+ big Wicks on last two monthly candles.We closed above all pivots Monthly @1926, weekly @1904,daily @1940.Today's drop also suported by 23 fibo level.