May 29, 2020 02:51 AM RSS

Quicks Comments On The S&P 500 Posted To

Quicks Comments On The S&P 500 Posted To

I think of the S&P 500 in 50 point increments as I concern myself with levels. So on April 19th support went from 2050 to 2100. It lasted two days. Before 2050 became support again.

As of this morning, we got the test of 2050 with a low of 2049.32. So if the S&P 500 continues to head below 2050 then support become 2000.

Last Friday, the S&P 500 wasted an opportunity to test 2050. The low that day was 2052.28. I commented to several institutional clients that 2050 had to be challenged before this was complete. Read more at

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