DreamboatAnnie
Well-known member
Hi! So glad to see the market rally yet again!! Woo. ...hoo! Not sure if an exit is in order tomorrow or Wednesday....??? Tendency has been for up movements to be very short lived before the next leg down....
MACD has crossed positive on SPX so I think we are having a very short-term (few days to week at most) due to knowledge we will likely not have a Fed rate increase this month. As for longer term, I think I need to see daily price move into a 10 day channel and for the 10 day EMA to cross above the 50 before I believe we have seen the "bottom"!!
Best Wishes to Everyone on your investments!!!!!!!! :smile:
MACD has crossed positive on SPX so I think we are having a very short-term (few days to week at most) due to knowledge we will likely not have a Fed rate increase this month. As for longer term, I think I need to see daily price move into a 10 day channel and for the 10 day EMA to cross above the 50 before I believe we have seen the "bottom"!!
Best Wishes to Everyone on your investments!!!!!!!! :smile: