SPX Update: Daily TF Sept 6
The SPX is down -0.2% to start the week.
Things to note:
- today we saw our 1st break of the BF support channel, but have reclaimed it so far
- bull target #1, get back above 50 & 100SMAs @ $4020
- bull target #2, gap fill @ $4060
- bear target #1 gap fill @ $3790
- bear target #2 gap fill @ $3675
- IF bear targets are met, expect a re-test June low @ $3635
Things to note:
- today we saw our 1st break of the BF support channel, but have reclaimed it so far
- bull target #1, get back above 50 & 100SMAs @ $4020
- bull target #2, gap fill @ $4060
- bear target #1 gap fill @ $3790
- bear target #2 gap fill @ $3675
- IF bear targets are met, expect a re-test June low @ $3635
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