Updates from market internals
Market internals confirm today that we are transitioning into Volatile Market. In fact, the most likely scenario is that we will see choppy price actions into early October.
In the very short term, $VIX $VXN volatility charts tell us that the re-test of Support1 is approaching the end. There is a good chance based on price actions of futures tonight that $SPX $NDX SPY QQQ TQQQ may start rising tomorrow. However, there is still a chance we will see a quick dip down to get near Support1 one more time early tomorrow Friday.
The important point is that there is likely enough strong support at Support1 to enable prices to rise up from here.
The rest of this article covers:
Updates from market internals (more)
Table of support and resistance levels
Planning your trades
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