looks like we have a bullish swing day set up if you have a look at the S&P chart below.
These normally preceed strength and upwards movements. So there is some up coming, because the bulls really came back by the close.
Having a look at the tick data, as we stated, there was warning of a bounce coming. Now with no more downside room to move on the tick we have double confirmation that a rally is about to start very soon.
We have a double confirmation that the market is getting ready for another nice UPWARDS run soon. Even though a dip came, we are still saying this market was a BUY THE DIP scenario. We still feel that 1490 - 1500 is going to come for S&P 500 very soon, and wipe the smile off the bears faces.
WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED? CLICK HERE To Join Our VIP ELITE GROUP -- FREE 10 Day Trial Offer Today!
No comments:
Post a Comment