Technical Tuesday - October 3 2023 - Equities
The S&P 500 is down to our initial target zone of 4212, which is near the 200-day avg. and a zone where we think we can see a short-term rally. Tomorrow will be key as we can either have the “pop” or a break of support that would lead to another leg down. We do have a distributive top in place in a number of the indices, so we are not out of the woods just yet.
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