The current state of the SPX:
At horizontal support and a bit above oblique support.
Nasdaq UpVol/DnVol is 10%. NYSE UpVol/DnVol is 14%.
An UpVol/DnVol reading around 10% is usually good enough for a pause or a bounce the next day. It could be a dead cat bounce.
The market still has over four hours till the close so anything could happen.
RB
The Good Old Days - Monday, page-49
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Last
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| XJO (ASX) Chart |