1278 1276 1272 1268 spx 1287 1289 1292 1298
AS JD would have said, we hit a cluster:
EVEN SPX HAS A CLUSTER POINT 1277
Watch them, we could be lifting , if these hold
Let us hope they hold
10:55 ET, this above call was made pretty early in the game around 10:10 or so. And that Cluster has, at least so far, supported market very nicely. Transportation is leading the charge higher and rest seem to follow. Watch carefully though, TRANSportation will encounter a resistance around 49.60- 49.70
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OK it is obvious that this market is lethargic and even on a day 6 of BUY from the ROBOTS is not reacting to the signal strong enough. We know that average days in a losing trade ( WHEN ROBOT LOSES) is about 9 days. This implies couple more days of struggle? In any case, it is noticeable that the SPX is stronger and the NAZ is lagging, which may have to get even more lopsided before the market is able to move higher. Perhaps today and maybe tomorrow are preparatory days for the market to do so. Watch the ratio of two markets. Good Trading