News Links and Chart Links Message Board

STOCKTALK

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 209.18

+4.4%

Nov 24 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Les H	9/27/2023 9:01:48 PM
	of 29600

Thoughts for tomorrow and beyond. The daily S&P 500 (SPX) has an active TD Buy Setup @8. There was enough ‘down’ to see a consolidation for the next trading session on Wednesday. Could see another lower low to complete a traditional TD Buy Setup @9. Looking to see if the SPX can get above the 10/15 minute TDST Resistance above 4295.28 to confirm a potential retracement higher. After some gap fills or technical price retracement, a proper correction down to the 10% level at 4146.36 and the TD Trend Factor at 4109.04 is the primary target if the market continues to sell off. Preferable to see the target hit in the middle of October than this week/early next week, or the market is showing us a preview of bigger problems. Not shown is the 10 year Treasury yield and it is at price exhaustion levels which will help solidify support for equities at this time. tradetrekker.wordpress.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next