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Writer's pictureLester Davids

S&P 500 Index - Wednesday, 28 August 2024

Real-Time: 12h51

Ticker: US500


  • On Tuesday evening (yesterday), the index was being sold aggressively, with it's biggest 1-day loss year-to-date.

  • The move is in line with my view on Monday (pre-market) which was guided by the Tactical Trading Guide (TTG) and which looked for a false breakout followed by a pullback (see slide below)


At current levels, the price action reading is as follows:



 

Previous Post (28 August)


Real-Time: 21h20 / S/African Time / U.S. Trading Session

Ticker: US500




Lester Davids

Analyst: Unum Capital

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