SPX: Downtrend Breached, Upside Potential with Caution
$.SPX(.SPX)$ - As posted yesterday, it was worth giving a chance to the 20DMA considering breadth improvement and the $Cboe Volatility Index(VIX)$ .
The downtrend has been breached and the oscillator suggests the move is not complete to the upside.
The candle doesn't show conviction, so risk management is still key in a positive context.
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The bearish targets for the week posted during last weekend were reached with accuracy:
$iShares Russell 2000 ETF(IWM)$ $VanEck Semiconductor ETF(SMH)$ $NVIDIA(NVDA)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ $Microsoft(MSFT)$
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- KSR·01-18👍LikeReport