I'm still sticking with my sort of sideways suggestion here.
But Tony asked about targets, you can see the sort of wedge and the 20D-EMA is at the sort of 1120-1125 level. which is 5 points off the morning low or so. there are also 2 resistance levels below that.
Of course here I am counting chickens before they have hatched but that seems like a logical first target. for the swing.
8 comments:
You can always tell the unrepentant grizzly bears: they start referring to support as resistance.
I have 1127 as pretty solid support.
BTW, good call on the 1147 (I'm not sure if I mentioned that).
Support for bulls, Resistance for Bears.
If I had said 'I' i'd be correct, If I said "the market", I'd be wrong.
Life is Relative, and all politics are local.
Fairly gay about that story, aren't you.
gay? what story? how so.
Barry's little "What kind of bear are you"
and I meant gay, the actual definition.
lol. Whatever the 'actual' defintion really is.
My bad. The 1127 I was seeing as support is the ES_F, not the SPX. I was referring to the wrong chart.
SPX would be about 1131.50 support.
that is a good one
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