$SPX sitting right on the edge at 7,600 — that's your pivot.
Today we tagged 7,652, got rejected, and closed 7,592. Clean flush right under the level.
If we reclaim 7,600, we're eyeing that 7,652 high next.
Stay under and 7,600 flips to resistance. Then it's 7,550 (today's low) first, followed by the Nov 6 close at 7,376 if we keep bleeding.
PPI drops 8:30 ET tomorrow — that's your catalyst. Direction gets decided there.
$SPY $SPX $QQQ
Today we tagged 7,652, got rejected, and closed 7,592. Clean flush right under the level.
If we reclaim 7,600, we're eyeing that 7,652 high next.
Stay under and 7,600 flips to resistance. Then it's 7,550 (today's low) first, followed by the Nov 6 close at 7,376 if we keep bleeding.
PPI drops 8:30 ET tomorrow — that's your catalyst. Direction gets decided there.
$SPY $SPX $QQQ