The S&P 500 (SPX) is directly under the 21 exponential moving average (EMA). The Big 3 Squeeze scoreboard shows equal signs for both the Bears and Bulls. Right now, it’s tough to call the direction of the market. However, if the market goes below Thursday’s low of $4,439, we might head down towards $4,350. If the market can make its way through the 21 exponential moving average (EMA), then the bulls would be in good shape towards $4,500.
In today’s video, I review setups in Pinterest (PINS), Amazon (AMZN), and Microsoft (MSFT).
If you haven’t already, follow me on Twitter, where I post constant updates on what the Big 3 Squeeze is showing me and other market analysis. Check out my tweet below:
Good morning, traders 🌤️🌤️
Tough spot here for the bulls, with price under the daily 21EMA.
2 closes below D21 = be very cautious with longs (swings) pic.twitter.com/6lxVpxzMOm
— Taylor Horton (@taylor_horton24) September 7, 2023
Stay Focused!
Taylor Horton
