On monthly, weekly, daily, #SPX is on a downtrend based on my system.
But price action wise, with Friday's doji close, we look to go higher.
This post is later than my usual, some opportunity might be lost already. Price already pullback to 3251 which was my long/short zone. 3273-77 is the other reaction zone to go long, and price is currently above.
Upside resistance will be at 3310-16. 3345-3355 is strong resistance, and it should cap high of day.
In the event 3248 breaks, unlikely today IMO, 3195-3204 will be support. 3165-3175 is strong support, and should cap low of day.
But price action wise, with Friday's doji close, we look to go higher.
This post is later than my usual, some opportunity might be lost already. Price already pullback to 3251 which was my long/short zone. 3273-77 is the other reaction zone to go long, and price is currently above.
Upside resistance will be at 3310-16. 3345-3355 is strong resistance, and it should cap high of day.
In the event 3248 breaks, unlikely today IMO, 3195-3204 will be support. 3165-3175 is strong support, and should cap low of day.
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