Overheated technicals are finally cooling down
The volatility spiked during the week, trading psychology was tested as anticipated, having a clear strategy and objective is key; these S/R levels are useful for the week ahead.
The inverted hammer seen yesterday for $S&P 500(.SPX)$ was validated today, that makes total sense considering the following chart:
The daily candle suggested yesterday a decline for the volatility index today, and a subsequent bounce for SPX. The question is: will the bounce continue?
https://substack.com/home/post/p-146957702
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