{"id":66482,"date":"2023-02-27T08:56:57","date_gmt":"2023-02-27T13:56:57","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=66482"},"modified":"2023-02-27T08:57:03","modified_gmt":"2023-02-27T13:57:03","slug":"scott-redler-spx-3995","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/02\/27\/scott-redler-spx-3995\/","title":{"rendered":"Why SPX 3995 Matters Now"},"content":{"rendered":"

SPX<\/b> futures are up 18 after hitting a low of 3943 Friday. The Oscillator hit -62. I'd think any bounce gets contained into the 4028-4047 area. If it gets rejected at the 3995 pivot, I'd think Friday's low breaks sooner rather than later. I didn't put the BOS account to work yet. We\u2019ll see how things look closer to 3885 .<\/p>\n

SPY<\/strong> started a new bearish active sequence on February 16 when it closed under $409.50. On Friday it hit $393.64 and gave a green candle. Some took it for an oversold bounce. I'd trim some. $399.75 is resistance. If we rally for a day or so, bears will need to reject the $401-$402 area to keep control<\/p>\n

QQQ's<\/strong> broke $303 on 2\/16 to start a downside active sequence. It hit $290.05 Friday. I did buy some late afternoon because things felt oversold enough. I did trim some at $293.50+ this morning which I always do when a gap is in my favor. I'd think any rally would get rejected into the $296-$298 area this week. Watch the leaders for clues.<\/p>\n

Now let's look at some individual names:<\/p>\n

TSLA<\/b> gave a Red Dog Reversal sell at $214.66 and worked its way down to $192.80 on Friday. It showed some relative strength to get some back long into today. I'd trim some and see how it feels. The March 1 event is almost here. How it responds will be big for sentiment. $205ish is resistance.<\/p>\n

AAPL<\/b> broke its accelerated trend. On Friday it made a low of $145.72. If we get a rally attempt. $148.50-$149.80 is key resistance.<\/p>\n

NFLX<\/b>\u00a0gave clues that stocks can have upside after earnings In January. On 2\/16 it resolved the inside range lower and made a new monthly low at $314ish. There's some room to bounce toward $330ish.<\/p>\n

META<\/b> has grinded lower since hitting $197+. Recently it hit $167.66 to trade against Maybe it can get and stay above $173.50 to act better again.<\/p>\n

Scott Redler's positions disclosure as of 2023-02-27 at 7.26.30 AM<\/em><\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

SPX futures are up 18 after hitting a low of 3943 Friday. The Oscillator hit -62. I’d think any bounce gets contained into the 4028-4047 area. If it gets rejected at the 3995 pivot, I’d think Friday’s low breaks sooner rather than later. I didn’t put the BOS account to work yet. We\u2019ll see how things look closer to 3885 . SPY started a new bearish active sequence on February 16 when it closed under $409.50. On Friday it hit $393.64 and gave a green candle. Some took it for an oversold bounce. I’d trim some. $399.75 is resistance. If we rally for a day or so, bears will need to reject the $401-$402 area to keep control QQQ’s broke $303 on 2\/16 to start a downside active sequence. It hit $290.05 Friday. I did buy some late afternoon because things felt oversold enough. I did trim some at $293.50+ this morning which I always do when a gap is in my favor. I’d think any rally would get rejected into the $296-$298 area this week. Watch the leaders for clues. Now let’s look at some individual names: TSLA gave a Red Dog Reversal sell at $214.66 and worked its way down to $192.80 on Friday. It showed some relative strength to get some back long into today. I’d trim some and see how it feels. The March 1 event is almost here. How it responds will be big for sentiment. $205ish is resistance. AAPL broke its accelerated trend. On Friday it made a low of $145.72. If we get a rally attempt. $148.50-$149.80 is key resistance. NFLX\u00a0gave clues that stocks can have upside after earnings In January. On 2\/16 it resolved the inside range lower and made a new monthly low at $314ish. There’s some room to bounce toward $330ish. META has grinded lower since hitting $197+. Recently it hit $167.66 to trade against Maybe it can get and stay above $173.50 to act better again. Scott Redler’s positions disclosure as of 2023-02-27 at 7.26.30 AM<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[736],"tags":[],"class_list":["post-66482","post","type-post","status-publish","format-standard","hentry","category-scott-redler-dog-bytes"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/66482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=66482"}],"version-history":[{"count":4,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/66482\/revisions"}],"predecessor-version":[{"id":66496,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/66482\/revisions\/66496"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=66482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=66482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=66482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}