SPX 1m - Not much different than below. Island gap is green. Other gaps are brown. Fib is there. Blue diagonal resistance is obvious.
SPX 1m - under the blue diagonal. Will be watching this line and the black one closely along with the remaining sliver of gap below. Fibs are there.
SPX 30m - fell to a triple support point. Like almost on the number.
I could say something nasty about the N & S Korea conflict, but I won't.
Dollar is thru upper resistance.
Minis off 14 bouncing off lows. The previous low was 82.5. The low today was 82.5.
Very possible HnS on the minis with the neckline being the old upper resistance diagonal off the 1225 highs that price keeps backtesting as trend brings price lower. Pretty good one worth 22 points if is sets off. Neckline is aroind 77 right now.
Gonna have to wait and see how cash reacts to all of this. Might create a very nice buying opportunity for ST traders when the "dust" settles.Yesterday I gave a bull and bear count. Both of those are still alive. The surprise turn last night made the run late yesterday a great head fake and has put the bear count front and center.
GL!
Morning Post 11/21/2024 SPX
-
Good v evil
On to the lie -
Minis up over 30. Russians ICBM into Ukraine is obviously very bullish. War
party trying to retain power, or getting their ...
19 hours ago