Monday, September 27, 2021

SPX Update

Not much happened on Friday, with the market spending most of the day range-bound, so there's little to glean from that.  Futures made a new high in the overnight, but cash is ultimately king.

Nothing new on the intermediate term chart:

In conclusion, we're in much the same place we were Friday, with the addition of the knowledge that ES futures made a new high -- and that might give bears at least some cause for caution.  That said, cash matters more than futures, so we'll see how the market reacts today.  Trade safe.

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