Despite this summer's market decline, the S&P 500 still has not even experienced a 10 % correction on
a daily closing basis.
Talking of the closing candle, Gold (you may not be trading it) formed a pinbar off 1200.00 major Psychological Level on
a daily closing basis, and near the 50 % Fibo retracement level; can I take this as the return of the Bulls?
If the small caps take out 745 on
a daily closing basis, we should see volume accelerate and upside continuation from there.
Once it is broken on
the daily close basis, the upside may be extended towards $ 20.00.
On
a daily closing basis, bears have been repeatedly failed to push prices below $ 10,391.02 (50 percent Fibonacci retracement of 2017 low to 2017 high).