I know it's been a H&S party on a lot of these posts lately and i also am aware it's Asia session and AH's and volume is light but thought i'd point it out. This is on the hourly. If it does play out i'd expect a test and possible break of the 2960.25 level, and if it breaks, taking us down to 2939.25 level (Gap fill on SPX and Spy ).
Do i expect this to happen? Probably not, but at the same time technicals have a tendency to play out more so on the futures as opposed to the cash indexes.
We'll see what happens when Europe wakes up, and again when the East Coast wakes up
Do i expect this to happen? Probably not, but at the same time technicals have a tendency to play out more so on the futures as opposed to the cash indexes.
We'll see what happens when Europe wakes up, and again when the East Coast wakes up