As warned yesterday, don't be too bullish for #SPX. We had a sell lower and based on price action, we are looking for further down today. Blue zone, bearish below 3552.4.
Now price is firmly below the blue zone, with targets at 3516, 3503.4, 3480-86.5 will offer a strong buy zone, while if we do hit 3454.6, will offer a low risk buy level.
Above, 3552.4, we have 3566.5, 3576.2 as resistance. Unlikely price will go above 3608-14 strong resistance zone today.
Now price is firmly below the blue zone, with targets at 3516, 3503.4, 3480-86.5 will offer a strong buy zone, while if we do hit 3454.6, will offer a low risk buy level.
Above, 3552.4, we have 3566.5, 3576.2 as resistance. Unlikely price will go above 3608-14 strong resistance zone today.
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