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Strategies & Market Trends : Humble1 and Swing Trading Friends
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From: humble111/2/2023 7:42:57 PM
1 Recommendation

Recommended By
rdkflorida2

   of 41105
 
So many bullish things today:

Not shown in this chart (my iPhone doesn’t let me cut and paste for some reason), SPX gapped above and shot way above the 200 on unimpressive volume. Which means to me that short covering and serious buying has not started. Caught in the headlights thing.

What we CAN see is the MACD upcrosser and the RSI breaking above 50 line and the 50 dma just in sight.

Message 34424000

A lift off like this indicates a long trek north may have begun. A no brainer trade; my favorite. I will be looking at the 225, root/pi, root2, and root5 cycles. One takes us to June. Another to mid August. Yet another to late August. I will be watching patterns for clues.
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