S&P 500 Analysis
Today’s action was pretty intense.
What does it mean for the SPX?
Trade with caution, the trend is down.
I’m buyin’ stocks ’cause sellers ain’t ’round.
Volatility dropped, more stocks rose.
This is a good sign to dip in your toes.
Danger abounds, investors beware.
Traders rejoice, reversion is here.
Potential SPY resistance and support (R&S) 81 & 68.