SPX Update - last days of 2023

٢٧ ديسمبر ٢٠٢٣

All in the video, sorry my voice is recovering so it's a short video. Creeping higher is likely, but a break below 4770 would be more interesting for bears. IWM is at strong resistance.

٢٨ ديسمبر ٢٠٢٣

ملاحظة

good morning, looks like they broke trend, but they can float around here and keep testing the line (and go higher) into Friday. I break below 4770 would be more significant.

٢٩ ديسمبر ٢٠٢٣

ملاحظة

good morning, looks like they are going to sell the last day of the year. Small caps leading the move down.

٢٩ ديسمبر ٢٠٢٣

ملاحظة

SPX is at an important support zone, it may bounce weakly from here for the rest of today.

٢٩ ديسمبر ٢٠٢٣

ملاحظة

lost support, so that will now be a resistance level. OK here are a few shelves of interest, but I think the correction is here and we go to 4770 minimum.

٢٩ ديسمبر ٢٠٢٣

ملاحظة

here's an idea if they want to revisit the previous structure. Plenty of room on the rsi to drop this much. SPX (cash)

٢٩ ديسمبر ٢٠٢٣

ملاحظة

back to resistance. BTD still alive but next week on tuesday may look different if this level holds back price into Tuesday.

٢٩ ديسمبر ٢٠٢٣

ملاحظة

IWM bearlag broke down at the end of the day so I expect more selling into next week. Have a happy new year and see you in 20241