Resistance building on the SPX
Was a nice rally but I expect downside pressure will eventually give way to at the least a 50% retrace back towards the current bear market lows.
Note
Resistance Maintained Note
Good to exit shorts around 2850. Waiting for next signal.Note
It looks like we might break to the upside. Need to be careful at these levels.
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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.