Reflecting back on my “Four Tints” from early this morning, I had pointed out this bullish setup:
And here’s what took place once Powell completely caved in to everything:
So I maintain what I said earlier, which was “Should we cut above this cyan zone (about 2680), then the bulls can strap on more rocket boosters. The magenta area shown below becomes a relative easy field to traverse. And, should they conquer that, the very wide yellow zone opens up, which would probably be powered by good news regarding the US/China trade “war”.
Let’s see what FB and MSFT do after the close today for more clues- – and, most especially, what happens with AMZN after Thursday’s close.