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 The S&P Levels You Need To Know

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RR Phantom

RR Phantom

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The S&P Levels You Need To Know Vide
PostSubject: The S&P Levels You Need To Know   The S&P Levels You Need To Know Icon_minitimeTue Dec 04, 2018 4:29 pm
Interesting double-top, double bottom W forming in the S&P500.   In honor of George H.W. and George W.?  Hmmm……

The S&P Levels You Need To Know Sp_cash1

The futures were rejected right at key resistance in overnight trading, making a high at 2814.0 during in early morning pre-trading and it now down 31 handles in Asia trading.   The cash market was repelled today right at 2800 (2800.18 if you’re counting)

Doji City

The cash S&P made another well-formed Doji candlestick today.  Notice during this Q4 correction, the Doji stick has signaled major reversals.   It is important the cash S&P closes above 2817 in the next few days in order to set the stage for the Christmas rally.

The S&P had rallied 6.43 percent from the Black Friday/Thanksgiving low below succumbing to profit taking today.  Calling short-term market moves is a mug’s game but we suspect they are gonna pull out all the stops to rally ‘em.  Follow the indicators on your panel as it’s foggy and there is some significant event risk.

https://macromon.wordpress.com/2018/12/03/the-sp-levels-you-need-to-know/?fbclid=IwAR1XcP6J7R1kpwLV-4UhZz4bosTEd8br_PJlaoaLajMIsDGpu_58e1SQjH4
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