Technical Analysis and Outlook The current market destiny is the newly created Mean Sup 4205. The Mean Sup 4162, as specified in S&P 500 Daily Chart Analysis For August 12, is open for business. However, a high probability is an immediate rebound to Key Res 4302 and Inner Index Rally 4330.
@TradeSelecter does your outlook change after the options expiry? there was some heavy put activity yesterday the 22-08-2022
TradeSelecter
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@foldthemarket, Nope, everything is going with the price action as it should. Once we got down and passed the two support levels: Mean Sup 4205 and 4162, the uptake should take us back to the Mean Sup 4205 line - The trip to Key Res 4302 might be a struggle.