Friday, February 3, 2017

SPX Update

No material change from the prior update.  SPX was rejected on its first attempt at the 88-92 zone, but will likely make another run at it.

In conclusion, normally we'd still expect to see another leg down, but bears have no choice but to get nervous if SPX sustains a breakout over the all-time high.  In the meantime, I would stay alert to the potential for a very choppy market over the next few sessions.  Trade safe.

No comments:

Post a Comment