3200 will be a critical level (resistence turned support) that I am watching. Should there be a close (especially a decisive one) below this level, then will hold off most bullish bets (especially on those big cap index stocks) until the dust settles.
Good luck and stay safe!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Good luck and stay safe!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Comment:
3200 support has held and S&P Futures validated a "morning star" candlestick reversal pattern today as it broke above last candle's high. Looks like the rebound could have steam. Perhaps a lot of bulls have been sitting in cash in the past couple of weeks while waiting out the presidential election and now FOMO.. lol