S&P 500 IndexShort
SPX | NAS Trade References-30SEP
30-SEP Updates:
Overnight session we tested lower around key references of 3308 and held that. Markets back to value zone again.
SPX:
1. Hold of 3350s-55s for a test lower to 3330s/ 3310s.
2. Crack below that for a liquidation and fast move to 3280s.
3. Break and hold abv 3355s to test 33372 and higher.
NAS:
Similarly a break lower and failure to hold below 11250s.
1. Hold of 11360s for a test lower to 11250s and lower.
2. Break and hold above 11380s for a move to 11480/ 11540s
Bias: pullback shorts for hold of key levels.
Overnight session we tested lower around key references of 3308 and held that. Markets back to value zone again.
SPX:
1. Hold of 3350s-55s for a test lower to 3330s/ 3310s.
2. Crack below that for a liquidation and fast move to 3280s.
3. Break and hold abv 3355s to test 33372 and higher.
NAS:
Similarly a break lower and failure to hold below 11250s.
1. Hold of 11360s for a test lower to 11250s and lower.
2. Break and hold above 11380s for a move to 11480/ 11540s
Bias: pullback shorts for hold of key levels.
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