S&P 500 IndexShort
S&P Recovery Less Certain As Bulls Look Exhausted
=> Here actively looking for positions in S&P around the 2730 handle. Expecting equities enjoying the recent short lived relief rally on Thursday's U.S CPI miss to finish after the NY opening range today.
=> A weekly close below 2730 will be needed for bears to retain the upper hand as this may see bearish sentiment resume early Monday.
=> Things are starting to look very dark ahead for the U.S economy via protectionism with Iran deal, trade wars et al providing fuel to the fire.
=> A failure to register a weekly close below 2730 will strengthen the upside bias.
=> From a TA perspective we are trading simple Support and Resistance levels here as bulls begin to look exhausted, no more, no less.
GL
=> A weekly close below 2730 will be needed for bears to retain the upper hand as this may see bearish sentiment resume early Monday.
=> Things are starting to look very dark ahead for the U.S economy via protectionism with Iran deal, trade wars et al providing fuel to the fire.
=> A failure to register a weekly close below 2730 will strengthen the upside bias.
=> From a TA perspective we are trading simple Support and Resistance levels here as bulls begin to look exhausted, no more, no less.
GL
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