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Scott Redler: Markets pause after strong five-day rally with focus on SPCX support

Scott Redler: Markets pause after strong five-day rally with focus on SPCX support
SPCX holds support as markets digest move

Scott Redler, chief strategic officer at T3 Live and T3 Trading Group, observes that markets are digesting after a significant five-day move.

He notes that investors had opportunities to buy MU, MULL, and SNDK on downward moves. Redler highlights that SPY and QQQ are trying to steady near the previous day’s lows, while SPCX maintained the important $104-$106 support zone.

Redler previously highlighted a 60-point drop in SPX futures, identifying key support for SPY at $739 in his earlier coverage. In a subsequent update, he noted S&P 500 futures trading steadily as SPY tested the $752.40 level after recent gains, according to another report. These recent observations add to his ongoing focus on market support areas.

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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