fehro wrote:SPX fails to hold 50d SMA .. start to look for 200d SMA purple MA 2666ish .. not expecting support on this tag.. look for slice through to lower levels
SPX daily wedge break and retest
higher low tag around 2702 watching watching...could be a good bear trap there - hurrah hurrah economic numbers on tap.. wish i knew if priced in. quite frankly, if 2666 goes, my bet is early year top is in for some time, and we already in the bear...sure is weak and if you look at global financials, our trannies, chinese stock exchanges, defensive staples of late, are we just late to party?
Window Dressing ends friday
End-of-Quarter rebalancing ends friday
Tomorrow 6/28 WBA (our new dow stock) reports earnings before the open … and NKE reports after the close
Tomorrow 6/28 Jobless claims, GDP, PCE
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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