SPX - Just closed a GAP.* Remember to support with LIKE and FOLLOW me for more analysis *
SPX today’s candle is a little annoying, yes, but we shouldn’t expect that the market can always go up, without taking a rest. The price respected the 2858 support zone (light blue line) and closed a gap.
If we look at the hourly chart, we may see this move as a correction after a pivot breakout, which is a natural and healthy move for SPX.
Now, there’s not much to do. Like Charles Dow would say, the trend will continue, until it got reversed. In the lack of any bearish sign, we can understand any drop in the prices as a pullback.
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