Well look at that, SPX
finished right at my resistance level
. I have conflicting signals right now, so I'm going to wait and see before trading tomorrow. SPXU
re-entered an old downward channel
and SPX RSI
(15 min) is oversold. Two really bullish
days is a good signal from the bulls. However, there is a ton of bad news out there.
If it is bullish
in the next couple of days, I see it heading back to 2575 where it hits some resistance.
If it is bearish
, I'm looking for around 2250ish for resistance.