SPX is trying trying trying for support at 23.6% of the move down (trying for a higher low) but it's looking very shakey.
If gives that level up (looks to be a probability) then new low tonight or sideways pattern.
Weighing against the new low scenario isthe fact the rally got fairly high up into the range down (44%) and if it is fast down it should be 25% or less but sometimes up to 37.5%.
thursday thinking, page-17
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Last
8,140.9 |
Change
19.300(0.24%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,121.6 | 8,150.5 | 8,121.6 |
| XJO (ASX) Chart |