By Licia Leslie
March 30, 2025
Hi Shoppers,
It was an ugly week if you weren’t a bear.
The S&P 500 Index (Ticker: SPX) closed below a pretty significant level at $5600:
Friday is the third day it has closed below there.
My next support is $5522 and below there $5400.
When a stock accelerates through a support/resistance level and closes below/above, it almost always comes back to retest it.
I will be watching the SPX to trade back up to $5600 and if it fails to trade above there, that will be an opportunity to go short and ride it down to $5522.
On the upside, my resistance is at $5671.
Take the money when you can, this market is squirrely.
Good luck out there!
Trade Review
C3.ai (Ticker: AI) was pulled down with the rest of the market. Support is $20.34.
Thank You For Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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