Es_f
16/02/2021 #SPX #ES_F $SPY 300pts Up, Then?US was closed yesterday, so was Asian session. Price opened and rallied and then ranged the whole time yesterday. We are at strong resistance and we are over-extended. Price hit my 3961.9 level and is coming down. On break of 3951, look for re-test of 3935 level. Since we went higher and get rejected for a move lower, might signal near term top. Break of 3951 can bring 3909.
SPX Topping?S&P futures hit the line that crosses highs since November and made a large outside day today (engulfed the prior 2 days). The day ended with a doji (not perfect but close enough). The trendline and candlestick combination suggest that this could be a top of sorts. View scandinavianmarkets.com for more commentary.
