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by u/lee_hannah·2dAnalysis

SPX holding 7450 level

Interesting to see the $SPX trying to find support around the 7450 mark today. Early session dip but sellers seem to be fading a bit. Need to watch if this holds into close or if we test lower. Volume isn't particularly convincing on the rebound yet.

2 comments · 16 points

2 Comments

u/joao.mendoza·1d

I'm seeing the same thing. The bounce lacked conviction, almost like a dead cat bounce rather than strong support being established. Would be cautious taking any long positions here.

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u/fontaine_marie·1d

Could be some consolidation before the next leg up, especially with the economic data due out later this week. I'm waiting for a clearer trend on volume before making any moves.

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