We hit 7760 area, I think at this point the bulls have run out the clock on the bears and we go up to the election. We are above key levels 20dma(7735) , 2hr pivot, 4hr pivot, and daily pivot which just flipped bullish today(7741), as well as the weekly pivot (7720). Mags weekly pivot is bullish too. MAGS closed today at the daily pivot which just flipped bullish today as well. We can't drop big with a bullish weekly pivot both in spx and mags. The vix daily pivot is about to turn bearish. The BB has 7840 next, the ath but could extend once there. usoil daily chart has had a good reversal since 10/19 and sitting at the 10dma earnings today. tsla has a bullish daily chart and is up ah. meta is weaker but getting closer to turning it bullish earnings next week appl/amzn - have bullish daily charts msft - weaker but bounced nicely from 20dma Next week is fomc and mag7 earnings and those are unlikely to be bearish especially before the election. So thinking spy atm 10/30 calls if we get a dip The vwap of the 9/16 low and the weekly pivot is 7715 We just completed an abc at the 7760/7770 top today so a 0.5 retrace is 7700 / .618 is 7685. Bulls should not let it drop below otherwise 7580 is back in play
Jimmy5654Share

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.