$SPX $SPY Updated Trend Channel w/ Resistance Levels
SPX 
SPY Updated Trend Channel w/ Resistance Levels. If this is a sustained uptrend, don't be suprised to see a retest of the lower part of the uptrend channel. Be mindful of the overhead resistance levels, SPX 4160 is a big one any we have yet to close above it - market touched 4164 on Wednesday, closed around 4155. Jobs report today and recent Fed commentary by some of the biggest Fed "doves" makes the bullish case for a Fed Pivot hard to agree with. If your bullish and believe in the uptrend, a good entry would be the bottom of the uptrend channel. If your bearish, todays Jobs report should give you some confidence to hold/add to your shorts, if neutral wait for a break of the recently formed uptrend channel in either direction, or add a small position according to your bias. 
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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.