S+P 500 gapped up strongly today above important 4430 resistance
as major money center bank earnings from Bank Of America, Citibank,and Morgan Stanley
easily surpassed Wall Streets lowered "expectations"
As shown on the 4 Hour Institutional Chart, the upside breakout achieved today in the S+P 500
was formed from a "complex bottom" centered around major S+P Support at 4350.
Traders should implement tight stops above SPX 4400
as the market is gyrating now in "whipsaw" trading,
"trapping" the wrong side trade, in this case the bears, suddenly deeply in the red.
SPX Last 4432.70
THE_UNWIND
10/14/21
Woods Of Connecticut
as major money center bank earnings from Bank Of America, Citibank,and Morgan Stanley
easily surpassed Wall Streets lowered "expectations"
As shown on the 4 Hour Institutional Chart, the upside breakout achieved today in the S+P 500
was formed from a "complex bottom" centered around major S+P Support at 4350.
Traders should implement tight stops above SPX 4400
as the market is gyrating now in "whipsaw" trading,
"trapping" the wrong side trade, in this case the bears, suddenly deeply in the red.
SPX Last 4432.70
THE_UNWIND
10/14/21
Woods Of Connecticut