S&P/Bouncing off Support *PIC*

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The SPX tagged the March low support at 1340 and bounced back. This market just doesn't want to die. This 1340 level once broken ("IF") would see a selloff to the Fib 38.2% level of 1295 which is also price support going back a long time now. Meanwhile support is support and 1340 has not broken down yet. Price did break below the April lows and is now having lower highs and lower lows since topping out in early April. But until 1240 is broken this market now is very capable of bouncing back and trashing the bears once again.

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S&P/Bouncing off Support *PIC*

Re: S&P/Bouncing off Support/Still *PIC*

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