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Degen Diary: SPX Notes for 9/20

  • Lowering volume by a significant amount with rising price

    • Weak move up, expect some kind of resistance or retest before it could make a big move

  • Ended the day yesterday at the psychological level of 3900

  • Needs to confirm above 3913 to take calls IMO

  • Below 3888 could see 3850

  • FOMC this week so need to be cautious

  • 3900-3915 has been a major area of support and resistance

    • Confirmation above or below this area could be the start to a big move

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