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Short Term Trading Week Starting: 26 November 2018, page-57

  1. 1,889 Posts.
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    Just a heads up to what you surely already know...

    As you can see in this snapshot of the SPX half hour time frame, things are going well here for now. Price is waffling with a resistance point around 2730, while bulls and bears quarrel over whether today's dovish turnabout by the Fed Chair is sufficient for the storied holiday rally or whether it only provides margin for more hot trade war rhetoric… There is a moderate sell side on the NYSE MOC with a half hour to go, but NYSE breadth is pretty strong. Thanks @Bugsam, I appreciate your reading my stuff! I think you sum up the situation perfectly...anything goes.

    Last edited by Diver Dan: 29/11/18
 
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