Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: A50 Sell Zone and SPX Color and more

In today’s briefing:

  • A50 Sell Zone and SPX Color

A50 Sell Zone and SPX Color

By Thomas Schroeder

  • A50 sell res near 14,100. Hard down close followed by 3% squeeze needs some digestion off of dual MA support. Our take is to sell strength.
  • HSI is trading heavy after a muted bounce with 19,600 targeted and remains our top short.
  • SPX needs a nudge and firm close below 4,080 to induce downside momentum and tip the global cycle.

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