SPX: Is this rally finally over? Let's see.
• The SPX is still bullish, and although it is trying to stabilize today (which is perfectly normal after an euphoric day like yesterday), we have yet to see a top sign confirmed;
• It is too soon to tell, but so far, today’s candlestick resembles a Doji pattern, and if this is true, we could do a pullback to the 3,911 area again, at least, if we lose today's low next week;
• A sharper pullback would take us back to the 21 ema, but we must see a stronger bearish sign in order to see that;
• For now, the trend is still bullish and the index is seeking our red line at 4,116, as we already mentioned yesterday (link to my previous analysis below this post).
Remember to follow me to keep in touch with my analyses!
• It is too soon to tell, but so far, today’s candlestick resembles a Doji pattern, and if this is true, we could do a pullback to the 3,911 area again, at least, if we lose today's low next week;
• A sharper pullback would take us back to the 21 ema, but we must see a stronger bearish sign in order to see that;
• For now, the trend is still bullish and the index is seeking our red line at 4,116, as we already mentioned yesterday (link to my previous analysis below this post).
Remember to follow me to keep in touch with my analyses!
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