Markets: A pivotal point

Posted: January 9, 2019 in Uncategorized

We are at a pivotal moment for the market.

SP500 and NASDAQ nailed an IMPORTANT resistance (2,581 and 6,903) as an intraday and this is the first well balance effort to return to the Bull market since October. This matches resistance/support of May and February 2018.
IF it clears and specially SP above 2,600 it will be BULL again.
But we need to get clear these hurdle to be sure (there are 65% chances it will do so. It is a textbook bull case 20:1 positive days since 26 January and also bad news are not so bad anymore (eg samsung disappointment lost only -1.68%…if it was December it would have lost 10%).

Nasdaq rally attempt has even a better internals than SP.


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