S&P 500 IndexUpdated weekly preview - SPX, bonds, gold, usoil, nat gas, btc
All in the video. I think we're getting close to at least a pullback. In my pinion there's no breakout just yet - we're in an area which should be a heavy resistance zone, but higher into 4300 is possible.
I forgot to mention -
The Treasury needs to raise cash which should affect liquidity and especially - the tech stocks. I don't see a lot of talk about it at the moment because the market keeps going higher, but if we experience a correction I expect you will hear more about it.
bnnbloomberg.ca/trillion-dollar-treasury-vacuum-is-coming-for-wall-street-rally-1.1928303
Good luck!
I forgot to mention -
The Treasury needs to raise cash which should affect liquidity and especially - the tech stocks. I don't see a lot of talk about it at the moment because the market keeps going higher, but if we experience a correction I expect you will hear more about it.
bnnbloomberg.ca/trillion-dollar-treasury-vacuum-is-coming-for-wall-street-rally-1.1928303
Good luck!
Note
good morning, 30 minute rsi is hinting at another high today Note
ok we got another high, but one more to close the day wouldn't surprise me. Note
hourly rsi already oversold on futures, I expect at least an attempt at the high, or one more high. Probably overnight. Note
qqq - i think this is probably right Note
good morning, we likely have a down day or two from here, but with the rsi on smaller time frames already very low on futures, I expect another leg higher again to complete the series. 4220 area should be support. Note
if we sell off into thursday, Jobless claims are 830 that day. If the market is oversold by then, I expect the numbers will pump the market one more time into 4300+. us.econoday.com/byweek.aspNote
probably a bull trap in the morning, a bounce looks necessary Note
rsi is now reset, I expect a pullback into tomorrow. Note
it's not coming down in a C wave, probably a triangle until Thursday and then pop up. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.