Don't jinx it.
posted on
Mar 24, 2022 04:19PM
Don’t jinx it.
SP continues to gap-up and at this point as we quietly watch the question is: when it will stop ?
As we all know stocks do not go up day after day with the straight line. I keep saying pullback needs to happen to consolidate recent gains .
The good news is support levels keep moving up also, so it is now at $32 and $31.
What a run we are having! We can “blame” Feds, China/ independent US supply , War, etc. Is something else going on we do not know?
Regardless, MACD’s and RSI all are overbought and SP asking for healthy consolidation , before resuming next leg up.
Pavel, remember you were making fun when few weeks ago I said we are going to $34 but first we need to pullback to 26. (smile). I take a glass of pilsner . ;o)
March 3-rd : “…SP can possible fall back to $26 but overall direction remains to $32 followed by $34."