Upward Momentum Continues
In a matter of time (over the weekend), two trading days to be exact, stocks went from “crashing” back to “squeezing” any and all who bet against it. Just take a look at the insane action on the 50 day moving average as buyers stepped in all day on support:
$SPX 3,000 is the line in the sand at this point for the bulls.
My favorite setups to watch this week from today’s screen include:
Exodus members make sure to bookmark the momentum screen HERE, for real time updates.