16/11/2020 #SPX Bullish for now

OANDA:SPX500USD   S&P 500 Index
I was wrong with my bias on Friday but no damage done. Above my blue zone go long (multiple re-test of my blue zone) would give good profits.

Today price opened and rallied. A strong one I would say, above my initial R to the next R. Above R are 3640.2 and ATH 3670.6-73.6

Now price stuck at 3614. I had tweeted this to be a strong R together with #NDX 12060. Inability to go above will bring us back to 3592 and blue zone at 3568-73.

To even come back to this level would be interesting. Expect fast sell if 3568 breaks, targeting 3542.4, 3526, 3508.6. 3498 should cap low of day but I included 3480 (Fri's projected low in).

Also do note in my tweet I said that #SPX 3510 needs to be break to invalidate the upmove.A close below it will be interesting.


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