“The short-term technical outlook is neutral, as potential resistance overhead and support below are almost equidistant …the risk of delta-hedge selling begins if...
“… I think if we are on the verge of an unwind of pessimism, immediate overhead technical resistance levels, such as 4,330, or...
“Last week’s SPX low was at 4,239, or only 14 points above the top end of a potential support range between 4,190 and...
“…based on continuation moves immediately following bull and bear gaps in 2023, Thursday’s gap lower suggests selling in the immediate days ahead…With the...
“The main event this week is the Federal Open Market Committee's (FOMC) meeting...With the market trading aimlessly since around the time of the...
“August expiration week was not friendly to bulls, as the S&P 500 Index (SPX — 4,369.71) experienced its third consecutive week of declines,...