EchoAlphaBravo

SPX Is Strong Sell

Short
SPCFD:SPX   S&P 500 Index
I can see the hate mail now, but let's look at empirical evidence rather than emotional hypotheses.

I marked several indicators that confirm this reiteration of a decline that cold probe the 1510 level, the last untested breakout from the post-crisis era. Don't misconstrue me, I'm not not say thta's about to happen overnight, but if we are indeed entering a bear market, which it appears we are, that's the level we must hold and there should be massive support there.

Before we get there, look for 2280 on SPX .

Comments

Agree, I think we top out between 2600-2630 later this week before another leg down to retest lows during the week of 1/14.
+1 Reply
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