Two Sentence Traders

SPX blows through quant's levels, now stretched above 2SD

By rummy ·

$SPX ripped straight through the quant model's levels yesterday and is now reading above 2 standard deviations on the weekly, a rare stretched move that makes the next leg harder to call from here. Resistance sits 7791-7800, support 7628-7644, and a retest of the old highs at 7594-7600 is still on the table if this cools off. Nothing to chase up here, just know the levels for when the pullback comes.

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Aggregated and distilled by Two Sentence Traders. Not financial advice.