[NIGHTLY RECAP] A Strong Breakout of the Recent Downtrend
[NIGHTLY RECAP] A Strong Breakout of the Recent Downtrend $SPX $SPY $ES_F $ACE $GE #trading #stocks (ST)
We alluded to a potential bullish breakout yesterday as the market quickly recovered the selling pressure and ended the day almost unchanged. Well, today we saw a continuation of that strength and the market broke over its recent downtrend line, signaling a potential moved back to 2100.
With the S&P 500 futures closing decisively over the 50 day moving average and breaking the downtrend in…
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