Hi Everybody,
After the sharp fall on the S&P in the last few days it makes sense to start to look for “potential” support areas. I have to stress that I am NOT “forecasting” that the S&P WILL continue to decline (Forecasting is impossible by anyone), but what I am doing is “preparing in advance “if” the S&P reaches these areas.
Again, I am NOT forecasting that a reversal “will” unfold there, just preparing us in advance for a price zone to be wary of “if” the S&P enters it.....
Thanks, Steve
After the sharp fall on the S&P in the last few days it makes sense to start to look for “potential” support areas. I have to stress that I am NOT “forecasting” that the S&P WILL continue to decline (Forecasting is impossible by anyone), but what I am doing is “preparing in advance “if” the S&P reaches these areas.
Again, I am NOT forecasting that a reversal “will” unfold there, just preparing us in advance for a price zone to be wary of “if” the S&P enters it.....
Thanks, Steve
PS, yes it is a typo in the chart, it should be 867 not 967 :-)
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