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SPX futures fall 32 points with SPY below 673, Scott Redler warns
SPX futures are down 32 points as SPY forms another mid-level box or wedge pattern.
Scott Redler notes that the SPY is currently trading below the 673 level, with support identified around 669 and Monday’s low near 662. Resistance stands at 680, suggesting traders are watching these levels for potential market moves.
Today’s developments come as no surprise to followers of Redler’s market commentary, particularly given his prior assessment of the SPX’s susceptibility to pressure when breaching critical levels, as discussed in his analysis on a potential decline for SPX below 6,880. Meanwhile, ongoing focus on technical trade structure continues to inform strategic decisions, much as Redler detailed in his report on how a disciplined approach delivered the best MSFT result in months.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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