I believe there is gonna be some selling from this 82 (80 spx) level. Im staying long though, lots of support levels established on the way up.
We did it today and had a fantastic close. This is where the rubber meets the road. Which way will we go? Staying long
Interesting spot here. SPX cash has failed to conquer the 2780 - 2800 zone three previous times going back to late February. This would be the 4th failure if it cannot shake off the trade war news and power ahead. A failure here would also create daily time frame negative divergence patterns on several indicators. But as always, price action rules. Let's see what it does the rest of the week.
Reader-as you know I love overnight pullback in an uptrend. It provides great day trading opportunities on the long side.
Excellent movements today. We have eclipsed Tuesday's high by a small margin. Is this the end of the move? Only time will tell.---Staying long for now.