By Licia Leslie
September 8, 2024
Hi Shoppers,
Quite the selloff on Friday.
Check out that big red bearish candle on the S&P 500 (Ticker: SPX):
It actually blew through my median line support level at $5427.
So you know what that means right?
That means if we rally up to that level on Monday, that is your opportunity to go short.
Support comes in at $5375 and then $5318.
Trade Review
SPDR Select Sector Fund Financial (Ticker: XLF) traded down to $44.20. I hope you hopped into those puts.
Thank You for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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