Bulls need to keep cash above 1284.15 for a more pleasant hourly chart. That is the only level I will watch today. Above, bears must accept the continuation of the short term leg up.
I have to point out that since the beginning of May, S&P500 was unable to sustain above 50h e.m.a., which might really be the next level (1295/96) to re-enter in favour of the tide, but for now, just watch today´s close and 1284.15.
I will strongly defend my bias under that... Only under that.
I have to point out that since the beginning of May, S&P500 was unable to sustain above 50h e.m.a., which might really be the next level (1295/96) to re-enter in favour of the tide, but for now, just watch today´s close and 1284.15.
I will strongly defend my bias under that... Only under that.
