VRTX bouncing nicely off recent lows and has broken downtrend. Final confirmation would be a daily close over 421.50. Looking to enter a starter position and will add on a retest of the daily 48.
SPX above downward sloping resistance from ATH to last Friday's highs. Session was a slow grind up in very low volume. Keep an eye out for 13/21 crossover and squeeze. Psychological 5200 is next resistance with last Friday's highs to 5130, then 5100 acting as support.
Apple showing a bullish divergence on the 4 hour time frame. Had news today scrapping their work on an electric car. Said to be shifting focus to AI.
www.forbes.com
Bounce could be underway with some positives from yesterday and today's sessions: gap fill from June, extremely high P/C ratio from 9/28 open, lowest RS reading for 2023, bouncing off trendline support from October 2022 to March 2023, and higher lows established on intraday time frames. Continuation should see gap fill from September 20 ~438.50.
