SPX - Potential bottom in place - observe 2776
Morning traders,
We're witnessing a potential bottom forming.
Key points:
1) We broke the local 2766 resistance, watch for this to become support.
2) the "big" resistance zone will be 2776, this will be the tell
3) Indicators all support potential bottom bounce here
4) BIG money flowing back into semi's - somebody knows something
As always if you find this info useful, please support me by hitting that like and follow button.
We're witnessing a potential bottom forming.
Key points:
1) We broke the local 2766 resistance, watch for this to become support.
2) the "big" resistance zone will be 2776, this will be the tell
3) Indicators all support potential bottom bounce here
4) BIG money flowing back into semi's - somebody knows something
As always if you find this info useful, please support me by hitting that like and follow button.
Note
If this area breaks re-test of low is in order - currently resisted @ mid bb on hourly ES1Order cancelled
Looks like the bottom isnt in, would expect a gap down to 2740 on Monday if we close below 2754Note
2752~55 new resistanceNote
If we close green today, safe to say short term bottom is in.
If you find my information helpful, please return the favor and hit the like and follow button, it's very encouraging and keeps me motivated!
Twitter: twitter.com/Jedi_ant
Twitter: twitter.com/Jedi_ant
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
If you find my information helpful, please return the favor and hit the like and follow button, it's very encouraging and keeps me motivated!
Twitter: twitter.com/Jedi_ant
Twitter: twitter.com/Jedi_ant
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.