SP500 0.58% 2,958.8 standard & poor's 500

BBUS, page-14128

  1. 873 Posts.
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    Once again, am glad I sold at a 0.5% loss.
    I would be 10% down now if I was still holding.

    last night's SPX candle rose above the upper bollinger band, but didn't actually drop back down to touch it.

    This is the first time that I can see a candle floating above the upper BB without touching the upper BB (I looked as far as 2016- 2017).

    I'm thinking there might be a small trade in this just for the day.
    With a bit of luck, maybe the SPX futures will rise a bit before open, they buy, then sell before today's asx close.

    Any thoughts on this candle ?

    Not sure whether it's bullish, indecisive, exhaustive or bearish.

    DAILY SPX
    https://hotcopper.com.au/data/attachments/5820/5820920-1077233bfe7e43a1f3fc0f4a964728ab.jpg


    WEEKLY SPX

    https://hotcopper.com.au/data/attachments/5820/5820921-30a221f85e83c834c3ddc6a7395ec4d4.jpg


    Last edited by watchthisrise: 15/12/23
 
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