$SPX breaks below its 30-day low: current price 0.3708, previous low 0.3737.
After the breakdown, watch two things:
· Whether the previous low of 0.3737 turns from support into resistance (the price fails to reclaim it on a rebound)
· Whether trading volume picks up during the breakdown; a break on low volume could be a false breakdown
Where do you see the key dividing line?
#SPX
Personal observations only; not investment advice.
After the breakdown, watch two things:
· Whether the previous low of 0.3737 turns from support into resistance (the price fails to reclaim it on a rebound)
· Whether trading volume picks up during the breakdown; a break on low volume could be a false breakdown
Where do you see the key dividing line?
#SPX
Personal observations only; not investment advice.