SPX ES SPY Week of 10/29
In last week’s report we were outright bearish again (though aware of potential swing low setups) as long as we were trading below 4324 and that was never threatened. Our last downside level for the week was 4122 and Friday’s low was 4122.25. Intraday on Friday after we failed our 4176.25 level and then traded back below 4161.25 I suggested that we may see a double distribution down day to our 4122 target. I’ll do a private video on how I made this call a little later. Now for this week. Are we crashing or bottoming this week?