Last friday S&P fell 41 pts in 3 minutes after data came out, and rebounded dramatically in subsequent 30 min periods. We are in a contested area with a lot of turbulence. There is a trapped short position underneath 4300s, look for responsive buying should prices come down to this level. Sunday sellers stepped above 4340 in and now there is a position being built in the 4310s and some profit taking happening. My expectation is that it gets higher.
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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.