$NDX & $SPX Daily Reversals

Looking at the Daily Price Reversals. Let the Market speak. NDX $7,084  SPX $2,779.  #trendfollowing #investing #stocks

S&P 500 Index Daily S/R (Support and Resistance Price Level) 1 hr before the close  $2,779

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Nasdaq 100 Index S/R $7,084

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PS – Would someone please send to us one accurate GDP Forecast, by The Fed, ever?

S&P 500 Index

Looking at daily S/R (Support & Resistance Price Levels), a close this week over $2,813 would be major progress in the continuation of Upward momentum. This area is on the Daily, Weekly, and Monthly Bullish Reversal Price Levels. This is textbook (classic) channel and/or Breakout trend following strategy.

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A Bearish Price Reversal on the daily is at $2,783.

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The market will tell what it wants to do.

Nasdaq 100 Index

Looking at the Daily, a Bullish S/R (Support and Resistance Price Level) is found just overhead at $7,161. A close above this week will give us a clue as to the direction the market wants to go.

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A Daily S/R Level in the Bearish side is found at $7,085. We’re looking for direction. The market will tell us if we let it.

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Pure Trend following. No news, no White House Tweets, no forecasts or predictions.