I'm long once again, risk is a drop to 4735 here. We need to see a push above 4906 today to validate bullish
momentum, else, we might see a selloff if support doesn't hold. My speculative plan is to go short $SPX
if it fails to validate the bullish
momentum, and simply close longs in this instrument (and study wether I want to close my equity positions or not, or simply buy protective puts or short calls to weather a decline).
drop after the battery news is what sent this instrument down, but it's still holding above the uptrend mode, so it has a chance to rally, but it needs to do it fast.