blloyd

Technical pullback overdue. Time to ladder into $SPX short $SPXS

Short
SPCFD:SPX   S&P 500 Index
We have seen the S&P 500 fail to stay above the 100 day EMA repeatedly, now the market has run up 14% since Christmas. While the bottom may be in, in the near term one should expect to see a technical pullback. There is a very large and very ominous wedge encompassing the entire recovery move and the Stochatic RSI has been overbought for four sessions.

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