Member Info for Svend

CT Agree the SP remain on course with a close above 223.5 it's the 9 consecutive higher low. TBF any price movement under 5% is normal market noise.

Cevo Sorry mate not on par with you on this one ''I'm so happy that you concl''?

Doggpog Yes agree 300 by Q1 2024 is on the Horizon AGW

*Typo 'Higher lows'

The SP is rising steadily now with 8 consecutive daily lower highs and 3 days above the clouds, the SP is back to levels not seen since February 2020 with the next incoming resistance at 285.

A November close above 225 would set the course for 300 over and out.

Mystic > that's a great post thanks for sharing

Waccybaccy sorry that's a conversation for another time but thanks for confirming.

A17 > 'Share flyer Idiots more like mate !'

What a post how do you see yourself now?

SP under accumulation a close above 224/225 confirms its recent ascent. Maybe more likely more blue skies on the horizon as the build-up to the 28th gets closer. TA on the daily chart is day 2 above the clouds meanwhile on the downside needs to violate the 212

*Typo Daily above 221.5

Biffbaffboff - In November the SP had higher lows for six consecutive days a close today above 224.5 would make it a 7th these daily rises happened on average volume following the October 31 blast-off candle (207-215.4)

The bullish trend is currently very strong. As long as the price remains above the support at 200/204, you could try to benefit from the boom. The first bullish objective is located at 245/255 The bullish momentum would be boosted by a break of this resistance. Buyers would then use the next resistance located at 265 as a target objective. Crossing it would then enable buyers to target 359. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating a reversal of the trend. DYOR

Waccybaccy i like the name.. Perhaps consider SMR along with the word sustainable and the ideas? might fly by.

Incoming blue skies ahead

Steve,

Happy Friday

Great post(s) very well summed up.

Cevo what is wrong with the Analysts from Barclays and UBS who lift the SP?

RedInky - I am cool just saying that the stock market is still within the same range as before (213/223) and that it's still not clear which way it's going to go. I am pointing out that the 223 level has been rejected many times, since Aug 31 but that it's getting weaker each time. I am now wondering if today will be the day when the market closes above the clouds (which would indicate a bullish move), but that is only a guess/punt. I also note that the volume has increased this week, which could be a sign of accumulation early in a new month. GLA

Red Inky - please can you describe that retracement 0,5% are you serious?

For context, It is important to consider the overall market context when determining if a price movement is a retracement. For example, if the market is in a strong uptrend, a retracement is more likely to be a temporary pullback than a reversal.

Here is an example of how to use these metrics to determine if a price movement is a retracement:

Duration: A stock is in a strong uptrend and then retraces 25% of its previous gains over the course of a week.

Magnitude: The retracement is relatively small in magnitude, at 25%.

Volume: Volume decreases during the retracement.

Volatility: Volatility decreases during the retracement.

Overall market context: The market is in a strong uptrend.

Based on these metrics, it is likely that the price movement is a retracement. The retracement is short in duration, relatively small in magnitude, and accompanied by a decrease in volume and volatility. Additionally, the market is in a strong uptrend, which suggests that the retracement is likely to be temporary.

It is important to note that no single metric is perfect for determining if a price movement is a retracement. It is important to consider all of the factors involved before making a decision.

You said I am just a ''gypsys reading tea leaves'' so what does your 'financial analysis, geopolitical events, psychological impact et al.' mean FA? (Seems the shorts are losing their shirts quickly and now getting well and truly spanked)

SS17 Yes nice finish on the SP500 cub with handle format on the 1-minute and to finish above 4300 the race from the bottom has started... DYOR