We saw a decent snapback in the market early today then a late-morning fade.
This $SPX 3,800 level is support for now.
Here are today’s trades:
- I bought $AAPL on Dec. 19 at 132.97 and 131.40 and sold today at 133.
- I bought $BA at 188.36 and sold at 189.38.
- I bought $VLO at 121.18 and sold at 121.70.
- I called out $X again at 25.10 for a target of 25.64, and I called out $TQQQ at 18 for a bounce to 18.40 or so. Both of those targets were met.
I have open long positions in $IWM, $SHOP, and $ARKK. And I have open short positions in $CLX, $MCD, and $WYNN.
The next level down for the SPX is 3,786. Resistance is 3,850.
All Star Charts Team