SPX Update Today: Potential Decision Time
We are catching at the 200 EMA right now. This will be a decision point if a doji candle forms here. In that case trend will be indicated based on open tomorrow. If we do have a doji and a bearish open tomorrow. The first, smaller bracket is what gives us the first support zone. The green area is the golden pocket assuming that bracket is the structure. The second, larger bracket gives us the second support zone assuming that is the structure. Those are my highest probability recovery zones.
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