SPX 4300 is MAJOR SUPPORT in the S+P 500,
and it held again today, after being violated this afternoon down to 4267 LOW.
So the question is was that a selling climax today
or is there much more downside to come targeting 3800 ?
As long as 4300 holds on a closing basis,
buyers will be trying to take the market higher, after today's successful test
Traders should position themselves accordingly this week.
However, if the S+P 500 closes any day this week, below 4300
look to short the market aggressively, as institutional big money will be selling large blocks of stock on the close.
SPX Last 4304.77
THE_UNWIND
2/22/22
Woods Of Connecticut.
Remember: This is Not Trading Advise. Rather Major S+P 500 Support Identification .
and it held again today, after being violated this afternoon down to 4267 LOW.
So the question is was that a selling climax today
or is there much more downside to come targeting 3800 ?
As long as 4300 holds on a closing basis,
buyers will be trying to take the market higher, after today's successful test
Traders should position themselves accordingly this week.
However, if the S+P 500 closes any day this week, below 4300
look to short the market aggressively, as institutional big money will be selling large blocks of stock on the close.
SPX Last 4304.77
THE_UNWIND
2/22/22
Woods Of Connecticut.
Remember: This is Not Trading Advise. Rather Major S+P 500 Support Identification .