The S&P 500 is on track to our original plans in that it is currently testing the first key level, which is 4300 (+/-) at the August high. Lose that and a test of the uptrending SMA 200 is probably coming. Hold it and SPX will probably bounce to fill the gap down from yesterday or finish up the bull run (operating target: 4800). As often noted in recent weeks, a test of the SMA 200 could hold the key to a more extended bull phase. A resumed rise now would start the clock on the bull’s end, in my opinion.
If the quality of the video does not auto correct, use the controls you’ll find by hovering over the lower right area.
[edit] I misspoke at 2:54, mentioning the 4300 area when I should have said the area of the SMA 200 down to 4150 or so. Ah, the wonders of live, unscripted recording.
OMG, the darn audio has disconnected from the video, at least on my end. If this is happening for you as well please disregard the video. I don’t want any chance for misinterpretations or confusion.
I think I know what happened. The chart’s scale changed mid-vid somehow. It threw off the sync of the cursor and the words. Oh well, there’s always next time.
