nychump

SPX - Resistance Galore!

Short
SP:SPX   S&P 500 Index
Lots of trendline resistance combined with the gap fill should roll this market over Thursday and Friday.

I anticipate a bad continuing claims number on Thursday following the bad ADP numbers we had today as a potential negative catalyst.

Short-term target of 3200 on the SPX should hold as support and could be a first target.

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