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Sunday, September 13, 2026

SPX Update: Below Resistance, Above Support (for now)

Today's update is being published early because I'm too exhausted to stay up any later.  I've been dealing with electricians and utility companies and general house-related disasters all weekend and am running on fumes right now.  On the bright side, there does finally seem to be light at the end of the tunnel.  Hopefully it's not an oncoming train.

Last update said:
[T]he first resistance line is black, so bulls will need to sustain trade above that to prove their mettle.  Conversely, bears will need to sustain trade beneath the falling blue trend line to prove theirs.

SPX then rallied up to black and got rejected, so bulls haven't proven their case yet:


The chart pretty well explains the situation, so probably no need to rehash that here.  Trade safe.

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