As i commented in my blog last, the market looked tired as we approached 1448 and a reaction looked inevitable. My downside targets for the move was SPX 1428-30 (ES 1438-40). I will refine it to SPX 1430-32, which should be tagged tommorow morning.
ES 1440-42 is a key area, which should provide support. If this area is breached, then lower targets like ES 1428-30 will come into play. Need more clues in the form of price action tommorow to determine if that's the case.
In any case, the next move of consequence should be a move to a new recovery highs on the SPX.
1 comment:
Thanks for the heads-up
- A
Post a Comment