Market Comments for 4.24.19

SP00s (pre-opening comments) – the SP00s start the day at about where they ended yesterday, though have been slightly above and below, yet never hitting the 2940 mark during globex…

2947 is the former SP00 ATH, and that may be reached today, as there are many companies set to release earnings reports today, a few before the open, though most after the close…

The ST, IT and LT trends remain upward, and my SAR swing system remains long from 2910… watching.

 

 

 

 

 

SP00s – Coming up on the 10:00 am bar here in Denver, we find pretty much as I expected, consolidation at the top of the range, in preparation to push upward to the next range, and potentially THROUGH the previous ATHs… watching.

 

 

SPX – This is the weekly SPX… if I’m correct about the prices rising tomorrow, today will likely close near the top of the range, since a gap across the ATH is easier from a higher starting point… watching.

 

 

SP00s (post-closing comments) – sorry for the delay on my end-of-regular-trading-session observations – life got in the way…

The SP00s end the day with a mild sell-off that brought them back down to near the lows of the day – not exactly the way I envisioned it would play out…

I see the potential for some more coiling on price, to allow the momentum indicator line to fall just a bit more, then perhaps tomorrow, it can continue it’s push upward to new ATHs…

My SAR swing system remains long from 2910… watching.

 

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