Friday, October 2, 2020

SPX Update: Short and Sweet Update as Next Upside Target Reached

Last update offered a couple "if/then" predictions, and the upside break led to the suspected follow-through.  The upside target was reached and is acting as resistance:

That's it for charts today, because the market is in a bit of a no-man's land/inflection zone, and there isn't much to be gleaned from additional charts.  We'll just have to see if bears continue holding resistance (a sustained breakout could take SPX back toward 3480-3500), and/or what happens when bulls reach support.  Trade safe.

No comments:

Post a Comment