19102023 - #SPX
I was looking for a move higher for SPX yesterday, based on the move on Tuesday, as I said to watch
4360 and to go long on the break of the PZ.
Instead, PZ held the highs , twice, below 4360 break and market came down. 4332 was the next strong support and did provide yet another bounce but market tanked further on rising yields.
Yesterday's sell is strong, despite many attempts to rally. I was thinking if the dip down and recovery could be a low but IMO, better to look for shorts, and 4340 will be the level I look at (PZ with Fib) for a possible move lower.
4360 and to go long on the break of the PZ.
Instead, PZ held the highs , twice, below 4360 break and market came down. 4332 was the next strong support and did provide yet another bounce but market tanked further on rising yields.
Yesterday's sell is strong, despite many attempts to rally. I was thinking if the dip down and recovery could be a low but IMO, better to look for shorts, and 4340 will be the level I look at (PZ with Fib) for a possible move lower.
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