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I've mentioned this before, but I've got to say it again – – for the love of my personal savior Jesus H. Christ, someone get Clusterstock a thesaurus so they can find some OTHER way to express the notion that information of some kind is forthcoming. God DAYUM, people!
SPX closed back above the daily middle bollinger band yesterday and that was unexpected and rare. Generally speaking on a cross significantly above or below the middle bollinger band on the SPX daily chart, there is then a move to the next primary support or resistance level, which is either the next bollinger band, or a major moving average (the 50, 100 or 200 DMA) lying between the middle and far bollinger band in the direction of the break. I can see about twenty instances of that happening in the last year, and a further ten or so when the middle bollinger band was good support or resistance for continuation.
