the_sunship

SPX500 - We're starting Wednesday at strong support

the_sunship تم تحديثه   
EIGHTCAP:SPX500   مؤشر ستاندرد آند بورز 500
The horizontal and diagonal support was reached overnight. I expect a bounce here to 4180ish and it could be more pronounced later in the week depending on the market's reaction to Jackson hole. Spy still has a large gap between 417-421 which might get reached this week. I'm still concerned about the mid time-frame rsi (4 hour charts) being so very low, so I'm cautious until this support breaks and is retested, and lost. Good luck!
تعليق:
SPY trendline seems valid, so we have a good sense of where to go short if this breaks down - a big IF in my opinion.
تعليق:
Rejection at upper resistance, now we wait to see who gets over the goal lines
تعليق:
EOD looks like a cup and handle to 4200 for target. Maybe overnight they reach it.

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