Price still ranging, in balance. 3 things which could affect the next move in SPX are the earning announcement, elections news, stimulus talk.
On a broader picture, as per my tweet last week, I am seeing a set up for a bigger correction coming before end of year.
Anyway for 26 Oct, look for longs only above 3460, targeting 3474, 3487. 3504 should cap high of day, offering low risk sell level.
Below 3452, bias is to the downside, targeting 3426, 3400. 3382 should cap low of day, offering low risk buy level
On a broader picture, as per my tweet last week, I am seeing a set up for a bigger correction coming before end of year.
Anyway for 26 Oct, look for longs only above 3460, targeting 3474, 3487. 3504 should cap high of day, offering low risk sell level.
Below 3452, bias is to the downside, targeting 3426, 3400. 3382 should cap low of day, offering low risk buy level
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