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Here is an excerpt from our trading plan.
Drop2 is transitioning to Bounce2
In our Sunday weekly analysis, we mentioned that $SPX $NDX $RUT were approaching the end of Drop2. We listed the following projections for support levels.
$SPX: Drop2 support projected at 2720, reached low of 2729 Mon and rose.
$NDX: Drop2 support projected at 6941, reached low of 6937 Mon and rose.
$RUT: Drop2 support projected at 1460, reached low of 1460 Mon and rose.
Here are the bullish confirmations and the updated values to show how high $SPX $NDX $RUT can get up to during Bounce2.
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