SPX - Potential bottom in place - observe 2776
Updated
Morning traders,
We're witnessing a potential bottom forming.
Key points:
1) We broke the local 2766 resistance, watch for this to become support.
2) the "big" resistance zone will be 2776, this will be the tell
3) Indicators all support potential bottom bounce here
4) BIG money flowing back into semi's - somebody knows something
As always if you find this info useful, please support me by hitting that like and follow button.
We're witnessing a potential bottom forming.
Key points:
1) We broke the local 2766 resistance, watch for this to become support.
2) the "big" resistance zone will be 2776, this will be the tell
3) Indicators all support potential bottom bounce here
4) BIG money flowing back into semi's - somebody knows something
As always if you find this info useful, please support me by hitting that like and follow button.
Note
If this area breaks re-test of low is in order - currently resisted @ mid bb on hourly ES1Order cancelled
Looks like the bottom isnt in, would expect a gap down to 2740 on Monday if we close below 2754Note
2752~55 new resistanceNote
If we close green today, safe to say short term bottom is in.
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Twitter: twitter.com/Jedi_ant
Twitter: twitter.com/Jedi_ant
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