Kumowizard

Big fight up here, heavy resistance above

Short
FX:SPX500   S&P 500 Index
- Ichimoku setup is neutral
- HA indicators below started to decline: obvious negative divergence.
- Possible supports: 2580 and stronger one at 2500+

Buying up here is just a bad risk reward.

We hold some June put spreads. Should it trade down to the above mentioned supports, we need to check price action again.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.