SPX closed at 3901.35. We saw SPX test a new local low this Friday, but ended the day closer to a hammer candle. If we can see some follow-through momentum this week, it's possible that a bounce may be in play here. The market did move through and test Shiro's predicted downside target, so there's a decent change a long here can work. If SPX cannot find a bottom this week, we can see it move to the next levels near 3731.
SPX closed at 3901.35. We saw SPX test a new local low this Friday, but ended the day closer to a hammer candle. If we can see some follow-through momentum this week, it's possible that a bounce may be in play here. The market did move through and test Shiro's predicted downside target, so there's a decent change a long here can work. If SPX cannot find a bottom this week, we can see it move to the next levels near 3731.