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 , Advantage,, and Finance Magnates.

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