I only have time for a fast update so no charts. The push down sofar has been quite strong. SPX is also @ MA200, testing longer timeframe supports. It’s a critical level for sure, I however feel that there will less selling pressure today / beginning of next week.
Macros are getting a bit more bearish but it is not (yet) screaming bear. Another interesting thing is that DAX is holding on quite good (year-to-date DAX +22% and SPX +9,50%). Also note DAX MA200 @ ~6800 and thus far from this moving average when SPX is already testing this support level.
Although almost everything points down, I’ll try to get a smallish (20%) SPX core position with no or wide stop and try to catch a rebound.
GL!
