Price action is in the upper range and has broken through the congestion zone near 2835. My short-term target is the top of the higher range, at 2900.
Stochastic lines both continue to illustrate strength as they are above 75.
Market Forecast is also demonstrating strength as the Near-Term line remains above 50. This month it has spent many days above 80 - illustrating continued strength.
SPX Graph:
Craig
5 comments:
Craig,
Thank you for your comments, and posting. It is just unbelievable bullish markets. This week, Feb 1, AAPL, GOOGL, AMZN.. are going to report earning... most likely they will have good reports, and sent stock market going higher? There are just too much money out there.. Wish you are here with us.... Have stopped attending any more classes.
serene
Thanks for the continued updates.
How is the new career going?
Playing it very careful with tight stops. Heck, I can always get back in.
Rick Ammmon
Craig...Thank you for your update and view of the market posture
It's been super helpful for the trading
The bulls are not going to run to infinity so I hope the drop doesn't hurt us too much
Thanks Craig, certainly is a dilemma! Do I take my profits or hope for more! This is a big earnings week and if they go up, I guess we will continue.
Serene I sympathize with you.
Trade well people!
Keep an eye on support levels. Don't take chances. If they break, you can hedge or remove profits. If they break and then fake - meaning support has broken and within a couple of days or so prices pop right back up, well, then, we can always resume the bullish posture and trades.
Craig
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