S&P 500 Bounce the Ball...

SP:SPX   S&P 500 Index
Back of the napkin calculation...Expect a run down to 1832 (maybe by Friday) which could take the SMA-9 to 1905 where the SMA-200 is; followed by a bounce or crawl to 1904...before recommencing the move down. Very Short Term LONG, Long Term SHORT

It is unusual to notice whenever the Fed is close to taking its foot off the gas all market hell breaks loose! Wouldn't be surprised if there is a surrogate or explicit #QE4 in that case all tech charts go out of the window!


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.