what's next for the S&P500 ? price is currently flirting with a major resistance level, a break above this level may enhance a bullish move higher as there will be huge amount of market orders sitting above this level. we may see some choppy price action before the market decide where to go next. I wouldn't be surprised if we achieved all time highs as the markets are currently being manipulated higher, even though we have economic and political uncertainties around the globe markets are still moving higher. I personally will be looking for a good shorting opportunity as price moves into my highlighted area. Will the plunge protection team keep the markets driving higher ? I wont be looking to be buying into this market as the risks of it plunging any time soon is to high.
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short trade fulfilled, market edged higher at the open only to attract new buyers into the market, smart money then sold into these higher price.