What next SPX? My sense is that if yesterday's upmove was not the start of a vertical upside blow-off that is heading directly for new all-time highs above 2080.
Then the index otherwise has carved out a whipsaw, year-end trading range between 1980/70 on the low side versus 2050/60 on the high side.
The flat 50-Day EMA, now in the vicinity of 2018, will provide support on any weakness that emerges in the upcoming hours/days.
Then the index otherwise has carved out a whipsaw, year-end trading range between 1980/70 on the low side versus 2050/60 on the high side.
The flat 50-Day EMA, now in the vicinity of 2018, will provide support on any weakness that emerges in the upcoming hours/days.
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