Not sure the line of support drawn below will amount to anything tomorrow...
Intermediate-term RSI (seen below) is improving as expected. I would only add its ultimate divergence from its December high might have still further to go...
Once the S&P 100 turns lower again, as expected, might it fail to fall below last Monday's (3/17) intra-day low before exploding higher? The longer-term view of the S&P 100 suggests this is possible...
That's all for now.
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Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.
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