I’m running a bit behind this evening so let’s dive right in. So far it seems the SPX support I pointed out this morning has been holding. There is still the possibility of another leg downward (just to screw with everyone) but that one dies if we breach yesterday’s highs.
Here’s the hourly cash showing us a little dip below the 25-hour BB at the open just to scare the children a little. Let’s see if we can’t close above that 25-day SMA now – which would be positive.
On the spoos we’ve got a hammer long (I think – frankly this hammer is debatable) and an RTV-S – so a binary setup here – stainless steel rats rejoice!
And most definitely a hammer on the NQ – once again we’ve got an RTV-S thrown in for good measure as well.
Setups – of course – and good ones too!
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