Is the pullback we had to have done? Are we up up and away again?
After three consecutive days of falls the US posted a reasonable move up from likely support.
In most rallies since March, SPX seems to begin with the candle hitting the 9-day sma (green) and then rising above the next day to confirm the move. So we'll see what tomorrow brings.
Here's an update of the SPX chart and, just for fun, Dow transports:
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 (20min delay)
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |