A.J. Gregor
@KhariCharts
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The $SPX has been range bound, with momentum waning as price broke the July highs after the 2 month (9.7%) correction. This level coincided with the 1.618 Fib Extension measuring the 2022 Bear Market. Momentum failed to hit "Overbought" Readings as that breakout occurred. Once RSI Readings hit 70, Momentum Divergence occurred with price just barely minting a new high and momentum failing to do the same. The Oct. highs & the ⚓️VWAP from the Aug. 5th volatility spike seem to be a logical level to catch a bid if price is to continue this sideways action. There's a little gap coming off of that zone from Jan. 15th as well. I don't make predictions, I just draw my lines in the sand and shoot my shot when my risk can be clearly defined.
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RT @dollarsanddata: You'll know you've succeeded as an investor when your portfolio declines by more in a day than what you once made in a…
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$DJI The Dow holding in strong. Steady rise up as well, doesn’t look unsustainable to me
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RT @litcapital: “OpenAI huh? $500B? Gimme 2 weeks and $5 million and I’ll clone it asap” - DeepSeek’s CTO
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$APP Showing a nice base above its 2nd Fibonacci Extension Holding the ⚓️VWAP from the last earnings report Momentum Bullish thru the sideways digestion from earnings
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RT @granthawkridge: As humans, we have a tendency to repeat ourselves. So, after two years of a bull market, history tells us that the 3rd…
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Markets are volatile. It’s a feature not a bug. In my experience, in bull markets, you buy 1-2 sigma events. And if you look now the VIX is already back below the long term average of 19.5, sitting at ~16.6 The data will keep you level headed if you allow it to.
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Last 3 Months vs This Month (..so far) Can you see the Rotation?
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