SPX looking for a falling wedge pattern is slated to reach support levels around the 4337 and 4250 zones, Weakness was observed in AI and Tech Stocks like NVDA, AMD, Tesla, META and AAPL, we are observing closely the Major support levels these stocks are currently holding and will enter the breakdown pattern on confirmation from weak fundamentals ahead,. coming back to SPX we ae will watch Immediate Resistance at 7DMA and Support of 50DMA at 4442 which currently stands broken.
Market will be highly volatile after August 17th we will keep lower volumes of Longs and build higher strength in Shorts and Puts.
-Sunnylife
Market will be highly volatile after August 17th we will keep lower volumes of Longs and build higher strength in Shorts and Puts.
-Sunnylife