My last post noted an SPX shorting opportunity after the open on 10/4/16. The target zone of 2164 - 2166 was hit just after the open and 20 minutes later turned down.
The SPX reached 2144 then had a late day rally. Early on 10/5/16 there could a decline to near term support at 2140- 2142. Note that the hourly Stochastic is near oversold. If a near term bottom is in place or will be on 10/5 the SPX may rally into the close on 10/6/16 which is the day before the monthly payroll report.
Mark
The SPX reached 2144 then had a late day rally. Early on 10/5/16 there could a decline to near term support at 2140- 2142. Note that the hourly Stochastic is near oversold. If a near term bottom is in place or will be on 10/5 the SPX may rally into the close on 10/6/16 which is the day before the monthly payroll report.
Mark