Today 06/07/22 the S&P 500 (SPX) opened down sharply from the prior session and looked like it would break below important support.
The 30 – minute SPX chart courtesy of Trading View illustrates the action.
The support held, and for most of the session the SPX trended higher. The late session break above the declining trend line implies SPX could soon be visiting the home of the bears – the 4308 to 4280 area.
Continue holding long 100% non – leveraged SPX related funds.