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Market_Manipulation

Looking for a bounce

Indeks S&P 500 (SP:SPX)  
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SP:SPX   Indeks S&P 500
Support and Resistance Trend Lines
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supportandresistance trendline
In the short term, looking for a bounce off the red support line. It has a good history of support.

Still looking at 07 SEPT as a possible change in a major direction. Why? No other reason than two support lines converging. Also, coming off a three-day weekend. Could be completely wrong.

Also, I'm watching the VIX. Looking for the VIX to stay in the $20 range as SPX rebounds.
Komen:
Nice rebound. Need to see a good follow-through
Komen:
So far the bulls are looking good. It would be good to see some consolidation here or even a slight pullback. Slow and steady grind up.
Komen:
Got the pull back. Little concerning that the trading day ended on the the bear side. Too early to call for the bears.

Idea Berkaitan

Market_Manipulation
Is SEPT 7th a trigger date?
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