Well look at that, SPX finished right at my resistance level. I have conflicting signals right now, so I'm going to wait and see before trading tomorrow. SPXU re-entered an old downward channel and SPX RSI (15 min) is oversold. Two really bullish days is a good signal from the bulls. However, there is a ton of bad news out there.
If it is bullish in the next couple of days, I see it heading back to 2575 where it hits some resistance.
If it is bearish, I'm looking for around 2250ish for resistance.
If it is bullish in the next couple of days, I see it heading back to 2575 where it hits some resistance.
If it is bearish, I'm looking for around 2250ish for resistance.
Note
Bulls and bears sluggin' it out. I think this favors the bears atm.Note
Bulls need a higher high otherwise bears are going to take over.Note
Wow, another late day rally. Bulls looking like they found their wings... still holding for further confirmation.Note
That's why you wait... completely fell apart for the bulls. Looking for sell off at the end now.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.