Since my call to go long since 3000, the SPX is still right on track to it's 3230 resistance.
Still following my prediction. Already broke 3160 today and went back to the trendline. Expect 3230 by next week.
3230 will be make or break. Bounced that level a couple of times now.
Still following my prediction. Already broke 3160 today and went back to the trendline. Expect 3230 by next week.
3230 will be make or break. Bounced that level a couple of times now.
Comment:
Rejected right at the 3230 level and broke down. Support at 3000
Comment:
was bullish from 3000 to 3230. 3230 is the top of the trading channel for SPX. Down from here. I expect 3160 to hold. I'd it doesn't we'll see 3100 and 3000 as hard bottom. At the moment it seems like the tech giants are about to sink the markets as they have been rallying like crazy, carrying the markets up here, but they'll have to consolidate, which will weigh heavy on the markets.
Trade closed: target reached