Market got a bounce after yesterday's flush, but it was weak as hell. If you're expecting a V-shaped recovery, temper that.
$SPX futures held $7350 — that's your line. Break it and we're hunting lower lows. For now it's a hold, not a reversal.
$NQ bounced off 26400 but got smacked at 27200. Rejection at resistance after a weak bounce? That's not bullish. Looks like more downside is on the table next week unless we reclaim that 27200 with conviction.
No setup to chase yet. Wait for structure or cut if your longs are underwater. Weak bounces don't pay — confirmations do.
$SPX futures held $7350 — that's your line. Break it and we're hunting lower lows. For now it's a hold, not a reversal.
$NQ bounced off 26400 but got smacked at 27200. Rejection at resistance after a weak bounce? That's not bullish. Looks like more downside is on the table next week unless we reclaim that 27200 with conviction.
No setup to chase yet. Wait for structure or cut if your longs are underwater. Weak bounces don't pay — confirmations do.
