Thursday, October 5, 2023

Morning Post 10/05/2023 SPX

Good v evil 

On to the lie - 

Minis up a bit. As mentioned, kinda everything was at a major support point and needed help. Thanks Fed! Gotta play this spot by ear. SPX could stall, crash or rebound to the 100ma and close the last gap. So everyone pump the brakes a bit and let’s see what they want. For me? They got close to but didn’t touch 4200. That’s a function of SPX lagging behind. I won’t be excited about anything till 4200 happens. 4100, bottom of the old slog, is critical support. 

More to come below. 

Have a good day.

GL and GB! 

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