SPX rejected both 3710 and 3730SPX support, tomorrow will gap up
SPX rejected both 3710 and 3730SPX support. Maj daily support was 3710.
Tomorrow should gap up. There is a chance we still see my 3696.50 tomorrow, but in idea we should gap up tomorrow and repeat the Mar Fed day.
Im out from 80% of my short, and keeping only core longs going into the FED day.
SPX gaps to close are:
- 3900
- 4017
Failure getting above 3957 after the FED will get us another washout to 3665-68SPX
Ideally we gap up tomorrow and make a higher low after the announcement. As the hike is already priced in imo
Tomorrow should gap up. There is a chance we still see my 3696.50 tomorrow, but in idea we should gap up tomorrow and repeat the Mar Fed day.
Im out from 80% of my short, and keeping only core longs going into the FED day.
SPX gaps to close are:
- 3900
- 4017
Failure getting above 3957 after the FED will get us another washout to 3665-68SPX
Ideally we gap up tomorrow and make a higher low after the announcement. As the hike is already priced in imo