This shouldnt be no big surprise. The S&P 500 is at an all time high, testing its previous all time highs made end of last year. Here we can see that if price gets rejected by current resistance, it is not looking soo great for this market. I am waiting for a break below 2955 before initiating a short position. I am out of longs as it is too risk-seeking. History repeats itself and we can see price rejected highs in October 2018, May 2019, and July 2019. We will have to sit on the sideline and see what happens in the next few days.
Comment:
December 2018*
