Good morning traders
Something a little different to open the Morning thread today.
A chart of the S & P 500 large cap index, code SPX.
Using the full power of my rudimentary TA skills it looks as though overnight action has seen the SPX close at a horizontal support level that has held for the last month.
A worry is the “three black crows “ pattern that has formed. Another fall on the index tonight, would definitely trigger some stops, breaking support and sending prices still lower. On the other hand support may hold. All eyes on US tonight. Oblique support gone already.
Any comments from those, whose TA skills are more advanced , Welcome
Check your open orders and good luck.
I think endless must be having too much fun to post.
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- daytrading oct 11 morning
daytrading oct 11 morning
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