SPX - Timing a Pullback After a Breadth Thrust is a Challenge

SmartReversals
05-14

$S&P 500(.SPX)$ - Timing a Pullback After a Breadth Thrust is a Challenge

For that reason, turning off the news and staying long when the price is above the key support level pays out. The gap at $5,304 will last for long open, and the 200 DMA may act as support for any pullback.

The Bollinger bands say the party is not over, also the RSI since it isn't overbought.

ImageImage

And I have a question:

Why $Netflix(NFLX)$ is not a Magnificent one?

It has performed better than most Magnificent Seven.

And it was a FANG stock.

For whom haven't open CBA can know more from below:

🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!

Find out more here:

Mag 7 Faces Resistance: Break Out or Crash Down? What's Your Bet?
As U.S. stocks rebound, the Magnificent 7 surged yesterday but are now facing key resistance levels. Is the outlook for U.S. equities finally clearing up? After a strong earnings season, which tech giant is most likely to break out? Following last week's AI-driven volatility, Wedbush removed Google from its “Best Ideas List.” Is this the perfect dip-buying opportunity or exit chance for Google?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
1