All in the video, sorry my voice is recovering so it's a short video. Creeping higher is likely, but a break below 4770 would be more interesting for bears. IWM is at strong resistance.
Komen:
good morning, looks like they broke trend, but they can float around here and keep testing the line (and go higher) into Friday. I break below 4770 would be more significant.
Komen:
good morning, looks like they are going to sell the last day of the year. Small caps leading the move down.
Komen:
SPX is at an important support zone, it may bounce weakly from here for the rest of today.
Komen:
lost support, so that will now be a resistance level. OK here are a few shelves of interest, but I think the correction is here and we go to 4770 minimum.
Komen:
here's an idea if they want to revisit the previous structure. Plenty of room on the rsi to drop this much. SPX (cash)
Komen:
back to resistance. BTD still alive but next week on tuesday may look different if this level holds back price into Tuesday.
Komen:
IWM bearlag broke down at the end of the day so I expect more selling into next week. Have a happy new year and see you in 20241
