Sunday we gapped down on tariffs. Price sliced through support, hit 6,814 (exact bottom of expected move), then ripped 96 points. Classic failed breakdown.
Sellers gave it their best shot and couldn’t hold it. Break scenario is dead.
At 6,910 we’re above fair value (6,880) but haven’t filled Sunday’s gap at 6,977. Dips toward 6,880-6,895 are buyable. Rallies to 6,960-6,977 are fadeable.
Thursday has jobless claims and PMI. Real risk is tariff headlines and Fed case ruling.
Full dashboard attached.
Bulls defended 6,814. Now we see if they finish the job.
For informational purposes only. Not financial advice. Do your own research.
Helpful. Nicely done.
Thanks