ES stopped at its first good support trendline, SPX broke it
Check the orange line and see a link for the SPX chart below.
ES stopped at the support trendline (we broke out from on Jul 27th and now re-tested from the top)
Expect this to be a good support for at least this week.
SPX already broke it but stopped at smaller trendline from Sep 1 and 6th lows.
Apparently I can post 10 charts per day on this website and not more, so I will try to include links to my charts in my updates.
But this is very annoying, especially on days like today, I need an interactive trading platform so we all can share our charts and chat during the day.
I will do a separate SPX update with levels for tomorrow in an hour or so
But want to mention one thing:
- Usually the price reverses fully into Fri after the FOMC day.
Tomorrow is a directional change till Fri, expect a good size bounce and then lower into the 27th low.
After that low we should rally into early Oct high and make a final low Oct 28-31st (I will mention my main target in the SPX update)
ES stopped at the support trendline (we broke out from on Jul 27th and now re-tested from the top)
Expect this to be a good support for at least this week.
SPX already broke it but stopped at smaller trendline from Sep 1 and 6th lows.
Apparently I can post 10 charts per day on this website and not more, so I will try to include links to my charts in my updates.
But this is very annoying, especially on days like today, I need an interactive trading platform so we all can share our charts and chat during the day.
I will do a separate SPX update with levels for tomorrow in an hour or so
But want to mention one thing:
- Usually the price reverses fully into Fri after the FOMC day.
Tomorrow is a directional change till Fri, expect a good size bounce and then lower into the 27th low.
After that low we should rally into early Oct high and make a final low Oct 28-31st (I will mention my main target in the SPX update)
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