This area is very tricky, please wait and let the market talk about where it is going. Look how the bulls invalidate the bears move and then the bears invalidate the bull move.
If you’re using economic indicators to determine your allocation to the stock market, you will most certainly be well behind the curve...... Opinion: Most economists don’t expect a recession — which might be why they’re wrong https://www.marketwatch.com/story/m...on-which-might-be-why-theyre-wrong-2018-12-12 ....."Financial markets never collapse when things look bad. In fact, quite the contrary is true. Before contractions begin, macroeconomic flows always look fine. That is why the vast majority of economists always proclaim the economy to be in excellent health just before it swoons. Despite these failures, indeed despite repeating almost precisely those failures, economists have continued to pore over the same macroeconomic fundamentals for clues to the future. If the conventional macroeconomic approach is useless even in retrospect, if it cannot explain or understand an outcome when we know what it is, has it a prayer of doing so when the goal is assessing the future?”....
Resistance is indeed strong. Interesting price action, let´s see how far down it goes. The game continues...