CalebDismuke

Where will the S&P land?

TVC:SPX   The Standard&Poor's Index
Technically Speaking
Price broke down through the pivot at 2120. The next technical level is the 100 WMA , followed by support at 2040. Look for 2120 to provide resistance.

What to do?
The big risk event this week is the NFP report on Friday at 7:30 CST. That report will likely determine how the week finishes.

I will be waiting until after the NFP report to see if we get to any levels that interest me.

I will be looking to sell at 2120.

I will be looking to buy at 2040.

Quote
"Whenever you find yourself on the side of the majority, it is time to pause and reflect"
Mark Twain.
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