Tag: SPX

High Probability that Tuesday Late-day Selloff Will Momentum

Tuesday’s bearish reversal bar together with the fact that the S&P is overbought as it test key overhead resistance suggesting that a short-term consolidation is inevitable. There’s a high probability that the late-day selloff will momentum but an undercut below the 2820 is needed before there is any real prospect of a change in the short-term uptrend pressure

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