The market had a rough week, ending down 3.5% for the week.
Today the S&P sold off early on the trading session, posting a new low for the week at 1068, before the internals turned around and the index rallied 15 points to 1083.50 where it found resistance.
Today was the index's first green day for the week as is showing some form of stabilizacion, but still couldn't close above the 20 day EMA.
Support and resistance levels remain the same at 1040-1050 on the way down and 1100 to the upside.
No comments:
Post a Comment