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I wanted to share with you something I watched by accident that I really enjoyed: it’s the Actors Studio with Jerry Lewis. Now, let me be clear: I hardly know anything about Jerry Lewis. I’ve never watched any of his movies. I vaguely remember the (boring) Telethons from when I was a kid. Jerry was before my time.
All the same, this interview is fascinating, and it gives you a passing knowledge about someone who was an absolute colossus in the entertainment world in the middle of the 20th century. There’s even a stock trading story in here! Check it out:
A very strong day yesterday and SPX broke and closed over the 50 hour MA and the 50- day MA and EMA. I’ve looked at the stats for tall white candles that have broken and closed over the 50 day MA and EMA in the last year and there have been eleven. Of those eleven only one closed below both the next day and that was marginal. Six never even retested them as support. They closed at 2100/1 and that may well therefore be very strong support today.
If these hold on a retest, which I’m expecting them to do, then the next level of resistance that the bulls need to break is at the daily middle band and declining resistance from the high at 2111/2. A close back over this level with any confidence opens up a retest of the all time high at 2134. SPX daily chart: