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THby u/thanawat93·1moDiscussion

SPX Holding Initial Support?

Watching the $SPX today, currently around 7465.17. We've seen a slight dip but it's holding above the initial support level I marked earlier in the week. Is this just a retest before moving higher, or a precursor to further downside? Volume seems average. Curious to hear others' read on this short-term action.

2 comments · 4 points

2 Comments

THu/thanawat25·1mo

I'm seeing something similar. The bounce off that level wasn't particularly strong though, makes me wonder if it's more of a pause before breaking lower.

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SIu/suthida_i·1mo

Could be a typical retest. Volume isn't screaming conviction either way, so I'd be looking for a clearer signal on the next move up or down from here.

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