It was a stretch for the SPX, but, still, it managed to hit our mid-range (consolidation level) line today, but fell below it with the red candle. So, that'll put our short-term range between 2760 and 2795. Watch the Near-Term Line to see how far down it falls before bouncing (a lower low will imply short-term weakness). Also, look at the FastK line on the Stochastic to see how far it drops. Remaining above 50 won't be too concerning, but dropping lower and entering the 25 to zero area would be concerning.
Craig
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