SPX finally validated September 6 call for a new high toward 3000 and captured/exceeded that target, putting it within striking distance of the all-time high. INDU is also flirting with its all time high. Trade above these all time highs may have long-term implications. INDU first:
INDU near-term:
SPX:
In conclusion, the all-time high is likely an important long-term inflection point. If bears have anything left to offer, they need to pull out the big guns and make a stand here. Trade safe.
No comments:
Post a Comment