SPX Update - last days of 2023
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.
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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.
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good morning, looks like they are going to sell the last day of the year. Small caps leading the move down.
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SPX is at an important support zone, it may bounce weakly from here for the rest of today.
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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.
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here's an idea if they want to revisit the previous structure. Plenty of room on the rsi to drop this much. SPX (cash)
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back to resistance. BTD still alive but next week on tuesday may look different if this level holds back price into Tuesday.
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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
