BY LICIA LESLIE
April 19, 2024
Hi Shoppers,
I am seeing support in the S&P 500 (Ticker: SPX) just below here:
We closed yesterday right on my red median line of the pitchfork which is a support level.
The blue line just below comes in at $4983.56 and provides support as it is the top of the bottom of the gap or rising window created on February 22nd.
Remember with gaps, a lot of times once the gap is closed the stock continues in the same direction it was going, in this case higher.
So mind the gap.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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