Massive support and resistance from both fibs
Wedges on both the $SPX on the $VIX
Fannie, Fredie are unlikely to aid mortgage companies, giving 2008 flashbacks
A gap up day fizzling and ending close to yesterday's highs
Don't really like the wedge, we need more coal to keep the wedge theory. This bull run might not last longer. Trade cautiously!
We've got the Fibonacci retracement support around the area of 2450, which has proven to be a major support last week, idling in that area. Additionally, we have the Gann Fan resistance level approaching. We will either bounce up, breaking resistance or drop breaking support.
Additionally, we've got three major systemic events accelerating, the OPEC+...
