Hi Shoppers,
Thursday’s intraday action stopped my bullish a$$ in its tracks.
So how are we looking for this week?
Check it out:
The S&P 500 Futures have closed and stayed in the bottom channel of the daily chart pitchfork.
That is our new resistance at $6892.75. And what was Friday’s high? $6897.75!!
That is confirmation of our pitchfork resistance.
Keep your eye on MACD as it crosses down below zero on the histogram, a bearish signal.
Support lies at $6775 and then the bottom of the pitchfork at $6708.25.
Be sure to join us every day this week!
Thank You For Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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