James48843
Well-known member
So- today the S&P500 busted through the blue line at 5200, and remains below. If it stays below past the close, I think we’re in for some real bad stuff ahead.
The triple bottom breakdown, and the continued softness here tells me no bounce back for at least another day, and more likely two. I think 5000 is a line of resistance, and if that doesn’t hold, the next resistance isn’t until around 4400.
Right now thinking 5000 will be the next couple of days. Then I hope it holds.
The triple bottom breakdown, and the continued softness here tells me no bounce back for at least another day, and more likely two. I think 5000 is a line of resistance, and if that doesn’t hold, the next resistance isn’t until around 4400.
Right now thinking 5000 will be the next couple of days. Then I hope it holds.
