Technical Analysis on .SPX& NAD
@MasterWU:
Hello everyone! Today I want to share some technical analysis with you!1.4221-4241 GAP: $S&P 500(.SPX)$ (1) market has a great memory of the scar in the past, i.e., big gaps. (2) a major breakaway gap during the rally phase at 4221-4241, now brings back a lot of painful memory for the market. (3) it normally takes a couple of sessions to digest the pain.ImageNextm, Low is 4220--like I said, if SPX can turnaround at the lower edge of the formal gap (4221), then it has a chance to chop further in the zone. It did. The low is 4220, and now SPX aims at MA=200=4237 again. I think it has a chance to close above it today, waiting for $Microsoft(MSFT)$ & $Alphabet(GO