So on the weekly timeframe…. SPX got slapped back under the ichimoku cloud… and the 50MA is holding it down…
In my opinion today was just a dead cat bounce off of the 200MA on the daily chart.
Next support level around 3760
Not a big update today, just some observations on the bigger timeframes…
Have fun trading tomorrow…. It has been a fun week so far… let’s see how the week closes…
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.