SPX Update - last days of 2023
Updated
All in the video, sorry my voice is recovering so it's a short video. Creeping higher is likely, but a break below 4770 would be more interesting for bears. IWM is at strong resistance.
Note
good morning, looks like they broke trend, but they can float around here and keep testing the line (and go higher) into Friday. I break below 4770 would be more significant. Note
good morning, looks like they are going to sell the last day of the year. Small caps leading the move down. Note
SPX is at an important support zone, it may bounce weakly from here for the rest of today. Note
lost support, so that will now be a resistance level. OK here are a few shelves of interest, but I think the correction is here and we go to 4770 minimum. Note
here's an idea if they want to revisit the previous structure. Plenty of room on the rsi to drop this much. SPX (cash)Note
back to resistance. BTD still alive but next week on tuesday may look different if this level holds back price into Tuesday. Note
IWM bearlag broke down at the end of the day so I expect more selling into next week. Have a happy new year and see you in 20241
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