Be careful today as yesterday had a lot of indecision ending with a doji candle on the daily. The volume was higher than the average over the past few weeks yesterday, but there was a lot of selling power as well, so the indecision is verified.
I said yesterday that there could be a day of relief after a big move, and that is what eventually happened in the last hour of the day.
On the hourly timeframe, SPX touched the 9 EMA at the end of the day and got some rejection. It is consolidating in between these levels from 3945 and 3913. I would expect a decent move today either towards 3998 or 3886 area at some point.
Bull zone: 3962-3978
Target 1: 3993
Target 2: 4028
Target 3: 4043
Bear zone: 3902-3887
Target 1: 3872
Target 2: 3836
Target 3: 3822
Golden Goose Fibs:
Comments