Eyes on the S&P500
Updated
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.
Comment
As I mentioned, we closed our short at around 4304Comment
As we warned - SPX at 4400
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