By Licia Leslie
March 14, 2025
Hi Shoppers,
The S&P 500 (Ticker: SPX) made a new recent low close yesterday:
We closed below my support at $5529.
This chart is not bullish.
In fact it is downright bearish with these new recent lows.
I think we can quickly trade down to $5405.
MACD is still very bearish and RSI isn’t even in oversold territory, yet.
Below $5400, we could move even more quickly down to $5118.
These moves could be violent followed by a face ripper rally.
Stay on your toes out there.
Trade Review
Boeing (Ticker: BA) rallied like I said it would and was stopped by that downtrend line at $161.74. Watch for a reversal at this resistance level.
Thank You For Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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