the SPX-EW $3055.42 = the value of one chart element which buyers must defend during pullbacks the rest of today, or price is likely to re-test the 3039.36 day low
SPX-EW 120-min chart showing selected horizontals, including the dashed brown H lines which represent declining retracement values, which buyers must defend again during future declines:
the declining retracement located at $3003 was tested from above on September 2 and Sept. 4, so we now briefly have a higher low pattern using these lows vs. the 2984.05 September 1 low and the lower lows of late August
SPX-EW 120-min chart showing selected horizontals, including the dashed brown H lines which represent declining retracement values, which buyers must defend again during future declines:
the declining retracement located at $3003 was tested from above on September 2 and Sept. 4, so we now briefly have a higher low pattern using these lows vs. the 2984.05 September 1 low and the lower lows of late August
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