Wednesday, June 15, 2022

Morning Post 06/15/2022 SPX

Gonna be an interesting day. 

Lots of good vs evil going on. 

On to the lie - 

Minis up 21. To cover resistance situation since there is a small island gap around 3975. 4k and the daily 20 are together. Weekly 100 is at 4100. Monthly 20 and channel resistance 4200. Not really any price points. 

More interesting is what’s below. First we have current channel and price support at 3700. Then … Y’all ready to go old school? Hell yea! At 3600 we have … the upper resistance diagonal of the multi year channel off the 2008 lows! The weekly 200 is at 3500 and that’s the HnS target (plus the point some “experts” have targeted). Monthly 50 at 3460. Cherry on top? 38% retracement and lower long term channel support meet at … wait for it … end of year at 3200. There’s more below that but not necessary now. 

More to come below. 

Have a good day. 

GL and GB! 

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