KristianB12

S&P about to pullback again?

SP:SPX   Indeks S&P 500
It's in the chart, looks like we might see another sell off.
Lemme know what you think,
-Kristian
Komen: Hopefully we see bottom here pretty soon. Uninvested ATM.
I think the gap created on the 9th will likely be closed soon. after the gap closes we should see if the indicators support a continued move towards the target identified (2684.16). A breach below that target could create significant downside in a short timeframe. The 2 March low is a short distance away from 2684.16. A brach of that would create a double top.

So those are a lot of if, if and maybe ifs. I think we look to see what happens after the gap created on the 9th closes.

as always, thanks for the analysis. I look forward to your chats when they popup.
Balas
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