The War Of 1812


Many are looking at the SPX 1812 level as big support. That would be the low that was put in on January 20. That level may or may not get tagged, but right now it looks very doable.

But markets have  tendency to overshoot on the upside and the downside, so I’m looking at the 200 day “weekly” moving average for the SPX which comes in a round 1790.

Whats 20 handles among friends anyway?


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