Lots of trendline resistance combined with the gap fill should roll this market over Thursday and Friday.
I anticipate a bad continuing claims number on Thursday following the bad ADP numbers we had today as a potential negative catalyst.
Short-term target of 3200 on the SPX should hold as support and could be a first target.
I anticipate a bad continuing claims number on Thursday following the bad ADP numbers we had today as a potential negative catalyst.
Short-term target of 3200 on the SPX should hold as support and could be a first target.