Here we go again. We had a buy signal fired Monday and it failed on Tuesday on the S&P 500 . Today we got another buy signal fired on the S&P.
On the Chart you can see price closed above the green CBL and the 50 day ma. Price must stay above $1959 by 11:30am tomorrow to confirm this signal. Remember this is a daily signal only. The weekly and monthly charts are not even close.
The Small Cap fired a preliminary buy signal when price closed above the green CBL line. Price still needs to close above the 50 day moving average to make this signal complete.
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