After the surprise large-size of the downward movement on Tuesday for the S&P, I do not look for a repeat of that action on Wednesday. Unchanged and possibly higher within the Tuesdays range would be the expectation for the S&P. I am not looking for further movement to the downside because I do not think there are currently fundamental reasons that would warn another dramatic move down. A sideways move here would be more logical.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.