Monday, October 17, 2016

SPX Update: No Change

There's very little to add to Friday's update, except to note that bears did make a stand at the 2145-50 resistance zone, which I mentioned as the next meaningful level and the zone that bulls need to reclaim. 

In conclusion, there's very little to add today.  Either bulls get back above the red trend line, or they don't -- either way, I think there are still lower-lows lurking in the market's future, the main question seems to be whether those come directly, or after a bit more rally.  Trade safe.

No comments:

Post a Comment