Markets came down on light volume!S&P 500SPCFD:SPXJuvenalGomezIn this video I go over todays price action and the charts I was monitoring. Yes we had a down day today but were still in the parallel in the SPX and also a lot of names that had topping signals only came down with light volume and had no real follow through, it is a cation signal that we can still get a bonce in the markets as were approaching an area of major support on the SPX and on the Q's were in no mans land just waiting on what the SPX will do along with the other major important charts like OIL and the 10Y bond along with NVDA that were watching out for in the channel. I think we can still have a down day tomorrow but wait and see if we get a reversal at that area of support on the SPX and also watch if we get rejected on my oil level. IF oil comes down then 10Y would come down as inflation expectations would lower and could signal a short period of risk on. BUT we did confirm the 10Y break out which means that we should head higher eventually! Doesn't mean we cant get pull backs so watch out for that.