The structure in the S&P 500 on Fridays close is what I call a False Sense of Security. This means be cautious on the short side of this market. There is no reason to be a buyer at the current level but Monday could provide that type of opportunity.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.