SPX Sep 16th update
The price has broke down and Im waiting for 3880-86SPX to be lost.
Ideally we gap down below 3880-86 and it becomes a resistance.
Futs already down and below those numbers if convert to SPX.
My pathway for tomorrow is to buy a gap down to 3802-18 for at least a day or 2 bounce.
- There is nothing but air after 3880-86 is lost, all the way to the numbers above.
- If we loose 3800, next support is not there till 3750-52SPX
Im looking for a low in am and reversal into the close and Monday/Tue high
On the other hand we held 3888 level today, close enough to my support zone, so if it gaps up, it could be quite a big squeeze imo. But I give low odds for the gap up scenario.
Its a weekly closing, important numbers to watch are:
- Weekly support is at 3720-22SPX
- Next weekly support is at 3635-40SPX
- Weekly resistance is at 4018-20SPX
We should bottom next week, ideally at or after FOMC decision, then rally up in another bear market rally into second week of Oct and continue lower into Oct final low for this year.
- Next week low is expected to hit 3750 or 3680SPX
Final low I have is at 3580SPX. i was looking for 34-35 handle to get hit, it should get there sooner then later imo
If it gets hit next week, then we will see 32 handle in Oct
The trend is down till it's not!
Have a good night, rest and get ready for tomorrow...
P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well.
Thanks in advance!
Ideally we gap down below 3880-86 and it becomes a resistance.
Futs already down and below those numbers if convert to SPX.
My pathway for tomorrow is to buy a gap down to 3802-18 for at least a day or 2 bounce.
- There is nothing but air after 3880-86 is lost, all the way to the numbers above.
- If we loose 3800, next support is not there till 3750-52SPX
Im looking for a low in am and reversal into the close and Monday/Tue high
On the other hand we held 3888 level today, close enough to my support zone, so if it gaps up, it could be quite a big squeeze imo. But I give low odds for the gap up scenario.
Its a weekly closing, important numbers to watch are:
- Weekly support is at 3720-22SPX
- Next weekly support is at 3635-40SPX
- Weekly resistance is at 4018-20SPX
We should bottom next week, ideally at or after FOMC decision, then rally up in another bear market rally into second week of Oct and continue lower into Oct final low for this year.
- Next week low is expected to hit 3750 or 3680SPX
Final low I have is at 3580SPX. i was looking for 34-35 handle to get hit, it should get there sooner then later imo
If it gets hit next week, then we will see 32 handle in Oct
The trend is down till it's not!
Have a good night, rest and get ready for tomorrow...
P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well.
Thanks in advance!
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