It was a crazy day, as always after FOMC.
Im expecting this move down to reverse completely and more by Fri.
- Main resistance is at 4012-15SPX on weekly closing
- Daily resistance is at 3802-17, 3850-55, 3895 and 3935
Tomorrows support (if the AHs price wont be reversed by the open) levels:
- 3752-50
- 3721
- 3680
I expect 3721SPX holding strong on closing level and wont rule out an overshoot to 3680SPX
SPX daily targets 3475-85SPX by Oct 28-31st
ES support trendline hit
- resistance is at 3825-35 for tonight
If we open green or flat, it will be a bullish sign and I will be looking to enter with longs and ride it till at least over today's highs.
Otherwise will be looking to buy at 3752 and 3721SPX tomorrow for a good size rally back to 3890-95 or so.
No point to over trade this but trade the levels of importance
Have a good night
Im expecting this move down to reverse completely and more by Fri.
- Main resistance is at 4012-15SPX on weekly closing
- Daily resistance is at 3802-17, 3850-55, 3895 and 3935
Tomorrows support (if the AHs price wont be reversed by the open) levels:
- 3752-50
- 3721
- 3680
I expect 3721SPX holding strong on closing level and wont rule out an overshoot to 3680SPX
SPX daily targets 3475-85SPX by Oct 28-31st
ES support trendline hit
If we open green or flat, it will be a bullish sign and I will be looking to enter with longs and ride it till at least over today's highs.
Otherwise will be looking to buy at 3752 and 3721SPX tomorrow for a good size rally back to 3890-95 or so.
No point to over trade this but trade the levels of importance
Have a good night