Wednesday, July 10, 2019

SPX Update: Short and Sweet

We're going to keep it short and sweet today.  As I noted in our forum early yesterday morning, we could have a complete ABC at 2963.  If that's what this is, it implies new highs directly:

In conclusion, there's still not much for bears to latch on to, and they need a sustained breakdown at 2963 PRIOR TO a break of 2994 to get anything going.  Trade safe.

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