FadeMeIfYouCan

16/10/2020 SPX ES_F Don't be too happy bulls

Short
OANDA:SPX500USD   S&P 500 Index
Yesterday, SPX hit my support level and rebounded 40-50points. However my system says that the down move might be short lived. Current rejection off 3487 gives possible further down move, targeting 3476, 3452. If 3452 (yesterday's support) breaks, expect 3420. I will wrong above 3492. Above R will be 3506 and 3528, which should cap high of day.

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