looks like were headed for consolidation in SPX

17 thg 8, 2022

weve had a big runup to major resistance, and were inside that sss supply zone below a pivot marked out by the dotted line. if we stay beneath that area treating it as resistance i would aim for the lower horizontals looking to retest the sss moving average or signal. if we breech that resistance to the upside i would aim for the upper horizontals. most likely scenario is a move up to close the gap in the underlying index, or at least some bounce followed by continued downside and consolidation.