I've said in the past how every 3 years political reporters say "this is the most critical election in Australia's history". Yet in the overall scheme of things it's just another election, lol.
Well, this may or may not be a critical time for stocks, but the US market is at a critical event in time and price: 50% retrace of the all time high October 2007, to low of March 2009. And about 8 points off 50% price.
It could retreat from here....but despite negative divergence on indicators, the daily, weekly and monthly charts say more up is possible.
this may be an inappropriate place to post the S&P500 (SPX) chart, but this is how it's played out:
buy in price, page-37
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 (20min delay)
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Last
$40.55 |
Change
-0.350(0.86%) |
Mkt cap ! $205.7B | |||
| Open | High | Low | Value | Volume |
| $40.15 | $40.55 | $40.03 | $283.0M | 7.014M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 246 | $40.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.55 | 7291 | 1 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |