S&P 500
DJIA
It's not quite time to go all "horns up" folks.
To be sure, the bounce has been "strong like bull." But, as the charts above show, structurally, the broader stock indices aren't out of the woods just yet.
Both the SPX and the DJIA are only just challenging TAOST Magnet Zone™ (TMZ) from below. Price is already stretched to the upside, so beware of getting long here. In fact, don't be surprised if price rolls over and traces out lower prices... in fairly short order.
GS
The Goldman Sachs daily chart shows that today's 10% move higher only pushed price toward significant resistance above in TMZ and a separate long running resistance zone.
The selloff may indeed be over... but make sure price validates such a thought by closing above these areas of resistance.
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