It certainly doesn’t look good for the bulls… that’s for sure!
While the bulls aren’t officially dead, they need to make a stand this week or else they will lose the 1294 (spx) major support level. Once that goes, 1250 is going to act like a magnet. At this point, the high could be in for the rest of the year? While I’m still not sure if the 138.86 spy FP was real or not, I don’t think it’s going to be reached for several months at minimum. The charts tell me that a long term high
Advertisements
