SPX are we bullish or bearish?
The S&P 500 closed the weekly firmly.
Finally putting in a high volume reversal, has the SPX bottomed here?
One thing is for sure we are still putting in higher highs & higher lows on the weekly time frame.
Until we see the markets give us that lower weekly high its still a tough market to short.
We think about the decline in semis and megacaps after earnings...all eyes will be on NvDA near end of month.
The markets have a strong chance at staying buoyamt into NVDA earnings.
Finally putting in a high volume reversal, has the SPX bottomed here?
One thing is for sure we are still putting in higher highs & higher lows on the weekly time frame.
Until we see the markets give us that lower weekly high its still a tough market to short.
We think about the decline in semis and megacaps after earnings...all eyes will be on NvDA near end of month.
The markets have a strong chance at staying buoyamt into NVDA earnings.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.