8 November 2016
We see an ABCD buy chart pattern. S&P 500 open gap up and close higher. An ABCD Buy Chart Pattern, see chart for more.
We were worry will 34 EMA Wave become the new resistance for the S&P 500 Index bounce. We have asked you to watch the space here. See chart for November 8, market sentiment.
^GSPC | S&P 500 Stop the Two Weeks Fall and Pullback | Wow! Pullback Continue
The market probably have learnt from Brexit, the price action has done enough to prepare for a bounce. Will see.
Look at the bullish bar, has two long tails, and long body. The bulls and bears has a good fight. But bulls are stronger. Be aware, the bears are ready to come back.
November 8, 2016 S&P 500 Index Daily and 34 EMA Wave
Have fun!
Moses US Stock Desk
AmiBrokerAcademy.com
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