4,490. That's the strong bounce line on the S&P 500 according to our Fabuluous 5% Rule™ after falling 100 points to 4,450 last week, which gives us 20-point bounces to 4,470 (weak) and 4,490 (strong) . In the bigger picture, we round off so 4,500 is going to be the line of contention for the week and we don't want to be below it at the end and the end of this week is a quad-witching end of quarter for options and futures – could be very volatile indeed . IN PROGRESS
4,490.
That's the strong bounce line on the S&P 500 according to our Fabuluous 5% Rule™ after falling 100 points to 4,450 last week, which gives us 20-point bounces to 4,470 (weak) and 4,490 (strong). In the bigger picture, we round off so 4,500 is going to be the line of contention for the week and we don't want to be below it at the end and the end of this week is a quad-witching end of quarter for options and futures – could be very volatile indeed.
IN PROGRESS
