SPX gapped up, no Fri sell off repeate, main support is at 4025
We didnt get a move down off am highs as I was hoping for, gap up above 4020-35 happen, so the move lower is off the table.
Now 4025 and 4015 are 2 main supports to hold for next week to continue advance. 4085 is next target.
This still can be a fakeout and if we close below am open, and especially below 4015SPX it will be bearish and I will be looking for 3925 to test early next week before push to higher levels.
I got stopped on half short from overnight and holding the other half for the fakeout scenario.
Will hedge at 4025 and 4015 level (will cut if we close below 4015)
So far the pathway up is in play, I dont expect much lower till 4125-35 test and ideally 4200
P.S. Dont forget to like my posts, so it gets pushed up on TV for others to see as well.
Thanks in advance!
Now 4025 and 4015 are 2 main supports to hold for next week to continue advance. 4085 is next target.
This still can be a fakeout and if we close below am open, and especially below 4015SPX it will be bearish and I will be looking for 3925 to test early next week before push to higher levels.
I got stopped on half short from overnight and holding the other half for the fakeout scenario.
Will hedge at 4025 and 4015 level (will cut if we close below 4015)
So far the pathway up is in play, I dont expect much lower till 4125-35 test and ideally 4200
P.S. Dont forget to like my posts, so it gets pushed up on TV for others to see as well.
Thanks in advance!