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$SPX Daily Key Levels | 8/9

On the daily chart SPX rejected off the 200 EMA pretty cleanly.

The thing about this area is that it is a very big consolidation zone that the last time it was in the zone, it was here for 8 trading days. Don't overtrade in a choppy market, you won't have a good time, believe me I know from experience.


Bull zone (reversal zone): 4155-4163

Target 1: 4171

Target 2: 4190

Target 3: 4197


Bear zone (reversal zone): 4124-4116

Target 1: 4108

Target 2: 4089

Target 3: 4082

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