I want quickly update the SPX chart.
2 scenarios:
1 - we gap down tomorrow
2 - we hold the lows and go up in am
First scenario:
Support is at 3885-86SPX
And nothing till 3800-20
I would be looking for 3775 and ideally 3680 as the main targets before or buy 20-21st.
Second scenario is we see 3970-85SPX tomorrow and sell off into above outlined numbers by 20-21st.
Or we make a higher low and stretch to 4152-55 and ideally above 4200+ to a potential 4295-4300 by same 20-21st.
4145-60 is a very strong resistance!
So all eyes are on the overnight or pre-market action.
Breaking today's lows will be bearish and we closed below my 3955 and especially 3935SPX today, so I favour a gap down in this case.
Holding 3885-86 level tomorrow am, will be a good sign for a potential reversal, below is air till 3800-20SPX
I have positions on both sides and I personally would love to see an extension up into 4155 and even 4295SPX zone before the real crash happens.
Looking for lower levels regardless of the price and ideally we wont get there in one straight line.
Im looking for a low in Oct and that low should be a good buying opportunity going into EOY
Have a good night
P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well.
Thanks in advance!
2 scenarios:
1 - we gap down tomorrow
2 - we hold the lows and go up in am
First scenario:
Support is at 3885-86SPX
And nothing till 3800-20
I would be looking for 3775 and ideally 3680 as the main targets before or buy 20-21st.
Second scenario is we see 3970-85SPX tomorrow and sell off into above outlined numbers by 20-21st.
Or we make a higher low and stretch to 4152-55 and ideally above 4200+ to a potential 4295-4300 by same 20-21st.
4145-60 is a very strong resistance!
So all eyes are on the overnight or pre-market action.
Breaking today's lows will be bearish and we closed below my 3955 and especially 3935SPX today, so I favour a gap down in this case.
Holding 3885-86 level tomorrow am, will be a good sign for a potential reversal, below is air till 3800-20SPX
I have positions on both sides and I personally would love to see an extension up into 4155 and even 4295SPX zone before the real crash happens.
Looking for lower levels regardless of the price and ideally we wont get there in one straight line.
Im looking for a low in Oct and that low should be a good buying opportunity going into EOY
Have a good night
P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well.
Thanks in advance!