09/11/2020 #ES_F #SPX Trade what you see not what you think

OANDA:SPX500USD   S&P 500 Index
Similarly to NDX, price gap up and is going higher. Pullback will come and difficult to short a strong market.

Initial resistance at 3540 breached and now at next R 3564. If fail, look for re-test of 3540 for a bounce. If it holds, we are looking at ATH and higher.

If 3422 breaks, look for shorts to 3502, 3472-80, 3440-47. 3416 is a low support which will cap low of day.


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