Daily $SPY (S&P 500 ETF) dated 112718

Daily $SPY (S&P 500 ETF) dated 112718

This shows recent support and resistance levels of both the daily stock movement and the last cycle swings.  Hopefully, you have been sitting in cash recently as the market continues to work out a new base in this market correction.  Also, notice the low volume today, which means institutions are not jumping into the market …