Lol, that swallow we saw last week died of cold and certainly did not a summer make.... let's hope his brother here doesn't suffer the same fate.
Interesting bullish aspects of the SPX... closed above its 9 day sma for the first time since February 9.
The diabolical (666) low two days ago is pretty much on the 138.2% fib extension of the November low - January high. (DOW was 60 points below 150% fib).
We could be seeing a breakout above the bullish falling wedge.
Indicators have turned up... but may decide to keep bouncing along oversold levels indefinitely unless they can maintain last night's momentum.
Chart is SPX daily:
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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,639.0 | 8,776.4 | 8,639.0 |
| XJO (ASX) Chart |