Day traders' after-market lounge April 28, page-17

Here's a simple version.

SP is cooling off nicely from being totally overcooked (RSI .92) and is supported by the bollie median line. Any break of that support and the lower bollie will get tagged IMO.



And with a bit more detail, we can see that a retrace to at least the 50% is a long way off and would close a big gap. Id be expecting that to happen IMO.



Unfortunately this won't be working in your favour in holding up the SP. There will be a heap of supply.


Sorry, don't think I'm telling you what you wanted to here but this is only my opinion and the way I've been trading lately I wouldn't listen to a word of it.

Cheers.