Good afternoon, traders.
The S&P 500 has continued its relentless uni-directional advance off of Friday’s low, and is retesting an important trend line from beneath:
And zoomed in a bit, we can see how it absolutely gapped over the 200-day with no effort over night:
Now last night, I was a seller at the close because of that SMA, because it’s something the market can at least react to, but I was brutally stopped out overnight.
Given the strength of this rally, I think
Ok, we’ll see how she does. I hope everyone has a fine evening.