Bearish Break Below 4435, Institutional Support 8/16/23
S+P 500 broke thru important Trend Line 4 Hour
Support at 4435, after the Fed minutes were released this afternoon.
The rally intra-day back to 4450 set up the late day rollover.
Traders were hoping for some "fed relief" but none was found,
as interest rates continue to want to climb making risk free investments of 5 %
very attractive, and big money sees a potential "big risk" in the US stock market ahead.
Big Number SPX 4400 Support, is staring right at the bulls tonight.
Some traders see opportunity,..but others are looking for real demise.
Stay tuned, as the crystal ball sits right in the air in front of you.
SPX Close 4404.32
THE_UNWIND
WOODS OF CONNECTICUT
Support at 4435, after the Fed minutes were released this afternoon.
The rally intra-day back to 4450 set up the late day rollover.
Traders were hoping for some "fed relief" but none was found,
as interest rates continue to want to climb making risk free investments of 5 %
very attractive, and big money sees a potential "big risk" in the US stock market ahead.
Big Number SPX 4400 Support, is staring right at the bulls tonight.
Some traders see opportunity,..but others are looking for real demise.
Stay tuned, as the crystal ball sits right in the air in front of you.
SPX Close 4404.32
THE_UNWIND
WOODS OF CONNECTICUT
which instead of breaking to the upside, broke to the downside.
It wasn't supposed to do that.
That is why risk here in" on"
THE_UNWIND