SPX | NAS Likely plays for the session-02 OCT
SPX | Nasdaq Trade plans
SPX:
We had the overnight push down and have respected the levels of 3360s that we had discussed quite a few times in the previous posts.
Expectation will be to hold and continue lower to test the key support zones.
Key references to watch is 3330 and 3308.
1. primary play is to see if 3330s hold and then to test lower to 3308 , below that to 3280s & then a rotation from there
2. Alternate scenario is a bullish play above 3335's for a test of the 3360 areas and a rotation from there
NAS:
1. Hold of 11400 areas for a test lower to day low at 11310 and 11250s where we have strong swing supports.
2. Hol above 11400 for a rotation upto 11480s/11500 and a move lower from there.
Note: we have an impulse buying at open, this sets more likely up for a rotational day so far.
SPX:
We had the overnight push down and have respected the levels of 3360s that we had discussed quite a few times in the previous posts.
Expectation will be to hold and continue lower to test the key support zones.
Key references to watch is 3330 and 3308.
1. primary play is to see if 3330s hold and then to test lower to 3308 , below that to 3280s & then a rotation from there
2. Alternate scenario is a bullish play above 3335's for a test of the 3360 areas and a rotation from there
NAS:
1. Hold of 11400 areas for a test lower to day low at 11310 and 11250s where we have strong swing supports.
2. Hol above 11400 for a rotation upto 11480s/11500 and a move lower from there.
Note: we have an impulse buying at open, this sets more likely up for a rotational day so far.
Comment:
NAS what a rotation from the 11477 areas < marked in the charts > playing by the script.. rock on folks for a test to the 11250s- acid test zone for the bears to push through.
or the bulls strike back there
or the bulls strike back there
NAS test exactly at the marked reference of 11477 areas :)