Yesterday's huge market gap up and sell off afterward, draw some nasty candles on the SPX chart, setting the pace for today's action.
The market broke the 10 day uptrend line and closed below the 200 day moving average, opening the doors for more selling if the bulls don't recapture 1110.
Initial support is at 1070 level and then around 1050 - 1040, resistance once again is at 1100 where the 20 EMA and 200 day moving averages meet.
No comments:
Post a Comment