SPX-Avoid a bear...
$S&P 500(.SPX)$ $Tesla Motors(TSLA)$ $Apple(AAPL)$ $NVIDIA Corp(NVDA)$ $Alibaba(BABA)$
The S&P 500 index has put a little more distance with the bar of 3,837 points. Level which would be considered as the threshold not to be crossed...
In fact, if the index were to close below this level, it would represent a drop of 20% from recent highs and herald a bear market. View link : SPX- Bear market was avoided
Although the index fell as low as 3,810.32 last week, stocks rebounded in the late hours of Friday with a continuation in yesterday's session to avoid a bear...
We retain this:
- SPX could gravitate to through the end of the month between 3,900-4,000 with a potential to drift higher.
- But caution is advised around the sustained underlying weak gamma construction.
Thanks, for reading.
@Do_Trading
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