By: Scott Redler
Around 3:30-3:40 yesterday on the radio I noted a lot of push through failures into resistance, and to be cautious with longs.
Now we will be testing Monday’s gap up. Watch 1147-1150 in the S&P around (114.91 is the SPY price).
We could either hold gap or fill it. Watch the lower support in the banks for clues, and also how big cap tech handles the down open.
1125-1135 will be an area to look for support if that wedge type pattern builds like we put out there earlier this week.
Today I’ll give you all a chance to take a look at the price point sheet for free, so have a look at comments individual stocks you are trading.
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