Charting My Interruption (CMI): “Critical supports to monitor in the days & weeks ahead.”
September 21st, 2023
David Lundgren, CMT CFA
Post the latest Fed rate meeting and briefing, the market remains under pressure. While a test of the 4200 area was part of our gameplan before we thought we'd see a chance of a bull trend resumption, we also want to track important support areas for more specific sectors and factors within the market, since a widespread failure to hold comparable supports will bring into question the S&P's ability to hold at 4200. In that light, Figure 1 provides a snapshot of important ETFs, along with the constituents of our
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