Technical Analysis on .SPX

MasterWU
2023-09-15

Hello everyone! Today I want to share some technical analysis on .SPX with you!

MPW Mid-week Update Posted:

(1) pulled an all-nighter yesterday, so messed up with the schedule a bit.

(2) in the mid-week update, I provided a tentative roadmap for the next week and beyond.

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4480 STILL: $S&P 500(.SPX)$

(1) Gapped over the EMA50 line at 4480, but this one needs some follow-up to sustain the breakout; otherwise, it is more like a head-fake.

(2) over 4505, I may re-consider the bearish case; so far, still within the normal rebound range for a small w-2.

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HIT 4505: $S&P 500(.SPX)$

(1) Bulls make their case--now, SPX stands comfortably above 4480, so the very-short-term bearish case is mute.

(2) based on the seasonality, tmrw and Monday are neutral to bullish, but after that, bears may have their run.

(3) Sept. 20 is the next key turn date.

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