SPX bounce on 2734-2738 until March 21st?
Looks like if 2734 is retested and holds then SPX will make another run 2800 until March 21st.
Ironically we had this same 40-60 point bounce last Friday March 9th.
Looks like if 2734 is retested and holds then SPX will make another run 2800 until March 21st.
Ironically we had this same 40-60 point bounce last Friday March 9th.
Comment:
If 2734 breaks then down to 2700 and 2715 becomes resistance again. I feel like algos are targeting March 21st fed meeting and in holding pattern until then. Will read notes release on 21st then tank.
Comment:
This is a short term trade of 4 days. My next idea is SPX short until end of March to beginning of April.
Comment:
This ideas was not invalidated yet, but this short term 3 day long play is not looking good.
Market closed with gravestone doji, straight down in last few minutes. I am sure it will break 2734 on Monday or Tuesday. The market is not going to wait for the fed meeting to start correcting.
Market closed with gravestone doji, straight down in last few minutes. I am sure it will break 2734 on Monday or Tuesday. The market is not going to wait for the fed meeting to start correcting.