SPX - 2008 vs 2022 ---- levels to watch
All in the video, very simply bulls want to at least hold 3900 for the week to keep the weekly 18 ma bias in the bullish camp. Even better for bulls would be recapturing 4k which would get us over the daily 18ma again.
Bears want to see the weekly 18ma at 3900 break and hold under for the week, but a test of the daily 18 at 4k and rejection would be an ideal shorting opportunity.
Jobs numbers tomorrow at 8:30 may get us to the daily 18ma test, but it's only bullish if we close above it on a daily close.
The Weekly candle will give more clues for next week.
Good luck!
Bears want to see the weekly 18ma at 3900 break and hold under for the week, but a test of the daily 18 at 4k and rejection would be an ideal shorting opportunity.
Jobs numbers tomorrow at 8:30 may get us to the daily 18ma test, but it's only bullish if we close above it on a daily close.
The Weekly candle will give more clues for next week.
Good luck!
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