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  • SELLERS APPEAR AT KEY LEVELS $SPX

SELLERS APPEAR AT KEY LEVELS $SPX

randholm
May 17, 2017 12:50 pm / Published in NDX, SPX

SELLERS APPEAR AT KEY LEVELS $SPX

Political news was the triggers that sellers needed to take the SPX lower after all time highs.

So far the selling have been technical, respecting levels on the chart.

 

Option expiry is near so volatility levels will be critical to maintain positive results for the month. $NDX is weaker than $SPX and $YM is in the middle of the two.

Key levels:

A retest o 2380 to close above 50% of today’s candle

A fail to hold 2366 to target 2356.

 

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