quantguy

Nice Pivot in Stocks

FX:SPX500   S&P 500 Index
As predicted yesterday, the S&P 500 found support at a critical level of 4122. We then saw a nice pivot back up to 4178, where we are currently seeing resistance confirmed by red triangles on the KRI. If we can break through, then 4188 and 4214 are the next targets. If we reject current levels, then we are sure to find support again at 4122. Watch the vacuum zone below to 4068 and 4009.

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