Bear Pressure Remains (Key Levels to Watch - SPX, NDX)
Tuesday - Bear Candle breaking support
Wednesday - weak re-test of the support (now becoming resistance)
Bearish pressure remains firm with key levels lower on the major indexes.
Near-term bearish until price proves otherwise. Taking stops, protecting profits and managing hedges.
JPY "unwinding" is also back on the radar. I'll be watching the JPY strength and Nikkei correlation. I still hold long FXY through 2026 (call options)
Thanks for watching!!!
Wednesday - weak re-test of the support (now becoming resistance)
Bearish pressure remains firm with key levels lower on the major indexes.
Near-term bearish until price proves otherwise. Taking stops, protecting profits and managing hedges.
JPY "unwinding" is also back on the radar. I'll be watching the JPY strength and Nikkei correlation. I still hold long FXY through 2026 (call options)
Thanks for watching!!!
Chris Pulver
Penafian
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