SPX now testing the lower edges of the recent congestion zone - a break below SPX 2760 will be extremely bearish with the high probability of a 2600 SPX handle in a day or two.
However, and this is quite possible, the bulls can keep the market above that support zone and power up back above SPX 2800.
Lots of bears growling out there......
"I can't see a recession!". "Where's the recession!". I can't tell you how much I hear this every single day. It's like saying "I can't smell the carbon monoxide." By the time you "see the recession", your head's sliced off. Such a ridiculous statement.41 replies124 retweets495 likesReply41Retweet124