Based on the latest action since 1st April the SPX formed a series of higher high/lows. Right now is close to the bottom of that channel and I was potentially expecting a tiny rebound on Monday based on the position.
Everyone is saying markets / futures will open lower tomorrow but as per latest news Iran stopped the attack and said they won't continue unless Israel/US strike back.
This could actually mean we open lower but markets may have that quick rebound on Monday.
I'm still bearish on the medium term but I just don't think tomorrow will be a bloodbath from morning to evening... this is my newbie thoughts..
Indices 08/04, page-34
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Last
7,715.5 |
Change
-39.900(0.51%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,755.4 | 7,755.4 | 7,699.2 |
| XJO (ASX) Chart |