Cory4rex

SPX Top Down Analysis 9/27/22

BLACKBULL:SPX500   S&P 500 Index
We are trading within a range near the most recent low on the daily after a big move to the downside. Definitely still overall bearish but we are trading into HTF points of interest to the downside, basically buy to sell setup's in the making. Missed the trade yesterday off of the range high but that's okay. Lots of news today so I won't be so quick to pull the trigger and just be more reactive today.

7:30am
USD
Fed Chair Powell Speaks
8:30am
USD
Core Durable Goods Orders m/m
0.3% 0.2%
USD
Durable Goods Orders m/m
0.1% -0.1%
9:00am
USD
HPI m/m
0.0% 0.1%
USD
S&P/CS Composite-20 HPI y/y
17.1% 18.6%
9:35am
GBP
MPC Member Pill Speaks
9:55am
USD
FOMC Member Bullard Speaks
10:00am
USD
CB Consumer Confidence
104.0 103.2
USD
New Home Sales
500K 511K
USD
Richmond Manufacturing Index
-10 -8

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