05/11/2020 #SPX #ES_F Bullish yes but pullback will be healthy

OANDA:SPX500USD   S&P 500 Index

Yesterday was US Presidential Elections Day. Outcome still not known but seem like Biden is going to win it. Lots of up down in between and fake downs but bulls win it.

No doubt price is bullish but based on price action, pullback is possible today. Price now at my 1st R and pullbacked 20pts. See if this level will hold.

Bias still up above 3412-22. But in the event that this breaks, look for 3392, 3356 (strong support level ) to trade. If 3324 breaks, look for reaction at 3324. In the event 3262 trades today, it will be a low risk buy level.


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