The Bulls Hold Their Ground

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.

Published by Mark Rivest

Independent investment advisor, trader, and writer. Articles have appeared on Technical Analysis of Stocks and Commodities , Traders.com Advantage, Futuresmag.com, and Finance Magnates.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: