The Option Strategist
Investing NewsletterAbout
Still In A Bullish Mode
$SPX is making new all-time highs again. There are still some negative divergences, but not as many as before. In fact, a new buy signal has been triggered by New Highs on the NYSE>
Overbought But No Confirmed Sell Signals
$SPX is blissfully making new all-time highs, but once again market internals are lagging behind in some cases. Regardless, there are few sell signals in place.
New Highs; What Could Go Wrong?
$SPX continues to pile on the new all-time highs, but internal indicators are not keeping pace. Even so, “price is king,” so we are maintaining a “core” bullish position.
New All-Time Highs
$SPX has once again made new all-time highs, confirmed by a 2-day close. So, a new “core” long position is being taken, although all indicator signals will be traded.
Downside Breakout Fails
$SPX had been locked in the 5260-5340 trading range for ten days, but now is attempting to break out to the downside.