You are currently browsing the daily archive for July 11, 2021.
The SPX continues to extend the monthly uptrend into the QRZ 4352/4389. The SPX began the short holiday week pushing into weekly resistance, then we saw the Wednesday overnight drop into weekly support on Thursday morning, only to be bought back up ending the week at new all time highs. Strong uptrend, with short term weekly support holding the line.
If the SPX continues the uptrend above the QRZ then look for the next resistance at monthly R 4477 and QR 4507. Any continued failure at the QRZ and a drop back below the MTFZ~R 4323/4339, look for support at the MP @ 4254 and the MTFZ~S @ 4185/4169. Good Luck & Trade Safe.
SPX ~ Pivot Zones
gtoptions
Next Wave 