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Thursday, March 28, 2024

Tighten up stops….500 index

Tighten up stops….500 index

Courtesy of Chris Kimble

This morning I mentioned the 500 index was facing key resistance and to tighten up stops.   See last line in the post below…. 500 index had a good rally earlier today, yet notice how it has faded (took a market snap shot at 12:30 central) and created a sizeable upside wick, which has a micro bearish meaning.

Will update any harvesting of gains or “Pocket Change” that should be picked up.

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