cryptokimura

S&P Fell Out of Bed

SPCFD:SPX   S&P 500 Index
S&P woke up and fell out of bed this morning. This may deviate from the Gartley movement that had been setting itself up last week. The largest drivers of this shift are the continuing decline of major tech stocks like $AMZN and $FB, in conjunction with investors being nervous about the tariffs being imposed by China.
Price movements on Mondays can always be a bit touchy, but due to market sentiment I have provided a supplemental chart.
Feedback is always welcome.
Apr 03
Comment: Movement is following the anticipated path. We are looking for a reversal again at 2622. At that point we may descend again to 2585 if that resistance is broken, we may see a much steeper drop than we've seen this week or last week.
Careful out there cowboys.
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