Is this it? Maybe maybe not (Chart 2 and Chart 3). Either way, key resistance holds or SPX needs to get over key resistance for any additional upside.
Tuesday, April 7, 2020
Tuesday Update (4/7/20)
Fast markets. SPX broke out yesterday, met key resistance on the opening gap today and is attempt to retest the breakout. In terms of time, this week marks 5-weeks down and 3-weeks up (Chart 1).
Is this it? Maybe maybe not (Chart 2 and Chart 3). Either way, key resistance holds or SPX needs to get over key resistance for any additional upside.
Is this it? Maybe maybe not (Chart 2 and Chart 3). Either way, key resistance holds or SPX needs to get over key resistance for any additional upside.
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Chart 2 & 3
ReplyDeleteOn the basis of the pattern seq there's likely to be more net upside tomorrow for 8 April US time.
The rally since 23 March is still not over.