With very little news flow, it seems today's bounce was the result of sellers running out and buyers stepping up to the plate at these price levels.
1300 on the $SPX is still going to be a tough nut to crack and should provide technical headwinds going into June options expiration, but there are some plays that are ready provided the market doesn't reverse back to the downside.
In this episode of IWO Into the Close, we discuss:
- The key levels to watch in the SPX
- 3 Potential bases setting up ($SBUX, $SPG, $RAX)
- Why we're not out of the woods yet
- Targets for resistance in china internet stocks
You can view the video below: