Reply To: Technical Index Trading & Analysis

Home Forums Technical Index Trading & Analysis Technical Index Trading & Analysis Reply To: Technical Index Trading & Analysis

#3437
RS2OOO
Keymaster

There has never previously been more than 10 consecutive red/green alternate closes on SPX before.

Today is the 10th alternate cash close (which was red), so based on history, the probability of a green close tomorrow is zero.

Also the 1st trading day of December has been bearish in recent years.

Personally I’ve no idea what tomorrows direction will be, but for some reason I’m seeing a bullish bias but probably best to see how supportive the hourly 200 MA is before making any trading decisions.