SPX ES SPY Setups for 10/24

Was that Bottom? Please Say it Was!

If you have read the post from October 3rd entitled “Where will SPX/SPY/ES Bottom and What Will it Look like?” You will notice both a familiar level sitting at today’s low, and also some familiar price action particularly with respect to the first 30 minutes on the gap down. The question we will answer in today’s post is whether or not that is a valid major swing low, and how likely it is to be so.