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Over the last few days SPX has been retracing and is approaching the first big support level. That is the daily middle band, which closed yesterday at 4312, with the low yesterday at 4328. That is a target that may be reached today.
SPX daily BBs chart:
The Russell 2000 futures have beautifully completed a top and seem to be marching toward the target approximated by the rounded rectangle:
Don’t count the broker/dealer index ($XBD) out. It’s an important harbinger for the rest of the year. Check out the H&S pattern!
If you watch my tastylive show, you know I’ve mention PLTR on pretty much a daily basis with respect to its important resistance. It’s finally given in to my favorite friend: reality.
