Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: SPX Pullback near Target with RTY Buy In and more

In today’s briefing:

  • SPX Pullback near Target with RTY Buy In

SPX Pullback near Target with RTY Buy In

By Thomas Schroeder

  • SPX dual top at 3,928 rolled just under the 3,950 top target. Break of wedge support was the touted trigger to add to our short group. 10yr 4.20% PT met.
  • SPX 3,700/650 is our pullback target add to risk but we must get past the NFP report first. RTY is our top long pick in the US at trendline.
  • Asia shorts (HSI and Taiwan) and Asia longs to layer into (NKY and ASX). Levels to coordinate with SPX 3,660 support.

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