Market Magic Show Exposed In The Absurdity Of Friday’s Close

Posted on February 10, 2019 2:37 pm

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Authored by Sven Henrich via,

This week markets reached the key resistance confluence zone I’ve been outlining and rejected from there. Still $SPX managed to close the week positively by 1 handle making it the 7th consecutive week of uninterrupted gains. Whether this rejection is meaningful remains unproven at this stage. From my perch price discovery remains engaged in a battle for control between 2600 and 2730-2760 on $SPX.  This aggressive rally has achieved what it was technically meant to: Reconnect with moving averages and