TMAD Market Update: SPX and Covering Shorts

$CORN $SPX $CC $BP $AGRO $SPX

Hi everyone,

Just a quick update from our morning chat at 11am ET (as we do every Wednesday).It was a strong day for the bulls, with major indices extending yesterday’s rally. The move was fueled by growing optimism around a potential de-escalation of the conflict in the Middle East. As we mentioned yesterday, there’s not much resistance standing in the way of SPY until $670.Please listen to the video below. I’ll go over the latest trade updates and walk you through how to use the scanner again, including some helpful case studies. Repetition is key to mastering it.I also find it risky to hold shorts over long weekends, especially this one. There’s a good chance some form of ceasefire could be announced, which would likely send the market flying higher.

SPX Levels

Resistance: 6,600 / 6,732

Support: 6,522 / 6,431

NDX Levels

Resistance: 24,500 / 24,100

Support: 23,710 / 23,330

TRADE UPDATES VIDEO