Yesterday, SPX reached our initial target and came up just short of our secondary before a convenient API report sent CL spiking higher. The algorithms were in fine form, dragging SPX higher as well. From yesterday’s post:
Look for SPX to try to contain this morning’s losses to the channel bottom. I expect new lows, with the SMA50 at 2076.59 and the SMA10 at 2072.28 as the next mostly likely targets.
Sorry, this content is for members only.
Already a member? Login below…