S&P 500 Index Further Downside Yet
Updated
S&P 500 Index: SPX
Same problem as as the Dow - risen to fill the gap and now
retesting near term lows at 27330 - The first real support lies
at 27130 and it looks likely it will be tested soon. Failure to
hold here will signal further near term weakness back to
26687 and potentially, if this level fails, back to 26007
Same problem as as the Dow - risen to fill the gap and now
retesting near term lows at 27330 - The first real support lies
at 27130 and it looks likely it will be tested soon. Failure to
hold here will signal further near term weakness back to
26687 and potentially, if this level fails, back to 26007
Comment
Although the target has not been reached yet am closing short here for 64 points profit - or can choose to run it to target and lower stop to 26583 for 55 points profit if struck first.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.