SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : News Links and Chart Links
SPXL 219.24+2.0%Nov 26 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Les H6/30/2023 5:49:27 PM
1 Recommendation

Recommended By
Lee Lichterman III

   of 29600
 
Starting from the long term charts, the monthly S&P 500 (SPX) has an active TD Sell Setup @6 and TD Sell Countdown @5. It is on track for a September/October price exhaustion showdown. The takeaway is if a new all time high is not recorded prior to the 9 count, a selloff back around the 4k level to end the year is completely achievable.

If the melt-up in markets continue — The weekly SPX is likely to record a TD Sell Setup @9 in the middle of July. It would correct briefly for 1-2 weeks before asserting itself higher for the continuation of the Summer rally.

tradetrekker.wordpress.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News