Today's extreme snap back rally took the S+P 500
right up to very important chart resistance at 3090
Looking at the Daily Chart, ( Included here)
you can clearly see the point of apex triangle resistance reached today.
Allowing for the VIX to correct back to 34.50, from the 40 handle,
volatility is now primed, and ready once again to explode to the upside.
A "bearish reversal set up", was achieved at today's close in the S+P,according to my work.
The market could be back on it's way down sharply, as soon as tomorrow's 3/3/20 Open.
SPX Last 3090.25
THE_UNWIND
3/2/20
NEW YORK
right up to very important chart resistance at 3090
Looking at the Daily Chart, ( Included here)
you can clearly see the point of apex triangle resistance reached today.
Allowing for the VIX to correct back to 34.50, from the 40 handle,
volatility is now primed, and ready once again to explode to the upside.
A "bearish reversal set up", was achieved at today's close in the S+P,according to my work.
The market could be back on it's way down sharply, as soon as tomorrow's 3/3/20 Open.
SPX Last 3090.25
THE_UNWIND
3/2/20
NEW YORK