.SPX: Momentum is Up but Still Need Time
Hello everyone! Today i want to share some trading ideas with you!
1.
$S&P 500(.SPX)$ Through Tuesday the market risk-off signals remain absent. Trend is up until prices close below 6100 (this level will climb as the 20 day moves up)
More stocks are making new highs than new lows. Breadth is good in this measure.
Momentum is up, but arguably neutral over the last two months
0/3 risk off criteria. Everybody knows I enjoy trading the bear scenario. It’s not there yet for me.
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