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SPX SITS ON 4388, NEXT 3946

Writer: jeremy chojeremy cho

The pivot support on the week charts supports the short term downtrend started with a short signal on the 180122 at 4644.


The weekly pivot support 4388 has played key support since the uptrend on the weekly charts started on 010620. A break of 4388 will put the both the medium and short term trend down. The month pivot at 3946 will determine a greater correction in the longer term.


LONG TERM UPTREND since 011220

MEDIUM UPTREND since 010620

SHORT DOWNTREND since 180122


PIVOT 4388

Long positions above 4388 for 4566 and 4698

Short positions below 4388 for 3946 and 3495




 
 
 

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