SPX is on the way to 3885SPX
Well we blow all of the supports I was looking to hold. I got also stopped on my NQ short at 12330Jun right before the move. ES was short but covered at 54.
Im seating on my hands and looking for 3885-89SPX to hit to go long.
We should bottom before the FED next week and rally hard to 4300 into July 4th, maybe even 4425SPX
4215SPX will the be the main target on that move up.
Supports on the SPX are 3929, 3908 and 3885-89SPX
Weekly support which must hold is 3853SPX, closing below will get us to low 3800 and ultimately to 3775SPX.
My view is that we will hold 3885SPX, but dont rule out a test 0f 3850.
Ideally we just blast from am lows and finish the move down on Monday/Tuesday.
Im seating on my hands and looking for 3885-89SPX to hit to go long.
We should bottom before the FED next week and rally hard to 4300 into July 4th, maybe even 4425SPX
4215SPX will the be the main target on that move up.
Supports on the SPX are 3929, 3908 and 3885-89SPX
Weekly support which must hold is 3853SPX, closing below will get us to low 3800 and ultimately to 3775SPX.
My view is that we will hold 3885SPX, but dont rule out a test 0f 3850.
Ideally we just blast from am lows and finish the move down on Monday/Tuesday.
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