Bear Pressure Remains (Key Levels to Watch - SPX, NDX)
Tuesday - Bear Candle breaking support
Wednesday - weak re-test of the support (now becoming resistance)
Bearish pressure remains firm with key levels lower on the major indexes.
Near-term bearish until price proves otherwise. Taking stops, protecting profits and managing hedges.
JPY "unwinding" is also back on the radar. I'll be watching the JPY strength and Nikkei correlation. I still hold long FXY through 2026 (call options)
Thanks for watching!!!
Wednesday - weak re-test of the support (now becoming resistance)
Bearish pressure remains firm with key levels lower on the major indexes.
Near-term bearish until price proves otherwise. Taking stops, protecting profits and managing hedges.
JPY "unwinding" is also back on the radar. I'll be watching the JPY strength and Nikkei correlation. I still hold long FXY through 2026 (call options)
Thanks for watching!!!
Chris Pulver
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.
Chris Pulver
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.