SPX ready

2 thg 10, 2021

SPX has given 2 strong reactions at the support level at 4300. I was expecting this, although FUD was hovering in the news, the gov wouldn't let the market fall...yet. New bill infrastructure and the debt ceiling readjustment SPX will be free to hit another all-time high. This one was a little shakeout, a warning sign. The SPX has painted a beautiful double bottom and I expect the index to find resistance at 4440 before taking off for the new ATH. This exhaustion move was a good buying opportunity. 4630 is my short term target