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Over the last few days SPX has been retracing and is approaching the first big support level. That is the daily middle band, which closed yesterday at 4312, with the low yesterday at 4328. That is a target that may be reached today.
SPX daily BBs chart:
Before proceeding, Iād like to remind you that this article is not written by a perma-bear. It is important to have credibility and indeed, NFTRH planned for a potential humdinger of a bear market rally back in Q4, 2022 based on the inputs of then extremely over-bearish sentiment, the bullish mid-term election cycle (which on average projects bullish for a year, post-election), a coming fade in inflation signals (with the attendant hopes for a softening Fed) being its primary elements. Here is one post discussing the rally in November, 2022.
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No, not the metal. But Sloper Silver Singularity, who kindly offered up these fascinating charts; click for better readability……..
The increase in the sheer daily volume of TSLA this year is remarkable. This wasn’t a one-day thing, but a persistent and substantial explosion in trading.
