The S&P500 is looking to break back above the 4300 key level of resistance.
Should it do this I expect the asset to rest to 4400 minimum and so will close the rest of my short, I do not expect to go long as of right now.
The larger time frame still suggests that we are now in a downtrend, with the lower high and lower low - A third consecutive lower low would be a great short re entry.
Should it do this I expect the asset to rest to 4400 minimum and so will close the rest of my short, I do not expect to go long as of right now.
The larger time frame still suggests that we are now in a downtrend, with the lower high and lower low - A third consecutive lower low would be a great short re entry.
Note
As I mentioned, we closed our short at around 4304Note
As we warned - SPX at 4400
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Disclaimer
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.