I think 5386 (min) on Monday and then high alert for reversal.
Next level for me 5323 where there should be a lot of demand
(we'll see if it can overcome the negative gamma). The next level
below that is almost exactly 100 points at 5233. However, if it
goes there, the technical bull case for the market is pretty much
shredded. Nothing that QE can't fix with nominal sleight of hand,
but it will take that to reverse this market if it breaks too much
lower.
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I think 5386 (min) on
There will be a follow through on Monday as many ...
Posted by bthefnd on 6th of Sep 2024 at 04:18 pm
I think 5386 (min) on Monday and then high alert for reversal. Next level for me 5323 where there should be a lot of demand (we'll see if it can overcome the negative gamma). The next level below that is almost exactly 100 points at 5233. However, if it goes there, the technical bull case for the market is pretty much shredded. Nothing that QE can't fix with nominal sleight of hand, but it will take that to reverse this market if it breaks too much lower.