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But we saved everything 🙂.
SPX hit 7385 then pulled back with key supports at 7321 and below, Scott Redler notes
Scott Redler, chief strategic officer at T3 Live and T3 Trading Group, highlights SPX action after reaching 7385 and pulling back.
Redler points to early market strength and the ongoing influence of the 8-day moving average, but warns that the index is becoming extended. He identifies 7321 as the first key support level, followed by 7273 and 7174 for further downside references.
Redler previously noted the potential for mega tech earnings to drive markets despite typical volatility on U.S. Federal Reserve decision days. He also discussed TSLA’s swing long position, highlighting the stock’s hold above $368 after earnings. These observations contribute to his continued focus on market technicals and support levels.
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