A lot of slop today . Really no direction . I'll do a few quick scalps for 3-5 pts but I don't hold anything in a mkt like today . Too easy to manipulate . But again showing no weakness yet that we could build a case a 5% correction coming . It feels like trump flip flop fatigue building in
Sandwiched between last year's close and this year's open so far today. I like the short here for a nudge below 5880, but wouldn't use a wide stop on it. If 5910 holds here we may rally instead. No trades for me today...
of course market have everybody to believe that way before making reversal I think this is the area for the handle to form, going to go long here, if it start failing I'll be looking for short
Current SPX 910 high is very weak (that's the bearish (lowest) high). Vs Open (Neutral - Bearish) and low (Neutral - Bearish). Developing mean went from Bull to Neutral.
Should see a sizeable move out of this zone. Still leaning short, but have to stay extra nimble these days...