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Jonas99
Feb 4, 2021 5:53 AM

SPY MES1! 3830: Likely Test 3725 soon, 3650 with decent support Short

Micro E-mini S&P 500 Index FuturesCME

Description

With all the mega-cap earnings out of way and with exception of GOOGL, most reactions are bearish in relation to the positive numbers. A bearish sign esp. for QQQ. Higher DXY would be a headwind for higher market as well as the Chinese bond market is flashing warning signs.

We are likely to get to 3725 very quickly. If test 3650 also a good probability at which point we will see the BTFD crowd coming in.

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