SPX just hit 6900 after rallying for 13 straight sessions from the November bottom. Interesting timing since the longest uninterrupted run we saw this year was 14 days. Could we squeeze out one more green day for a new high? Maybe. What I'm watching now is the 10-day moving average – if we close beneath it, that's gonna signal the rally's running out of steam.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
5
Repost
Share
Comment
0/400
GasFeeCrybaby
· 19h ago
13 consecutive gains are almost matching this year's record. Can this rally hold? Be cautious if the 10-day moving average breaks.
View OriginalReply0
FUD_Whisperer
· 12-11 02:02
13 consecutive gains are really unsustainable. Once the 10-day moving average breaks, just wait to cut the losses.
View OriginalReply0
ChainWanderingPoet
· 12-11 01:51
13 consecutive days of gains are about to break the 14-day record, this momentum is truly incredible. Once the 10-day moving average breaks, the game should be over.
View OriginalReply0
ClassicDumpster
· 12-11 01:48
13 consecutive increases to 6900, now the next step depends on whether the 10-day moving average can hold. If it breaks, be cautious.
View OriginalReply0
TokenSleuth
· 12-11 01:37
Another mysterious Day 14... feels like it's about to break
SPX just hit 6900 after rallying for 13 straight sessions from the November bottom. Interesting timing since the longest uninterrupted run we saw this year was 14 days. Could we squeeze out one more green day for a new high? Maybe. What I'm watching now is the 10-day moving average – if we close beneath it, that's gonna signal the rally's running out of steam.