Today's rally was strong other than it was on light volume as expected due to the holidays. With the rally unfolding today, we can see from the above daily S&P futures chart that there is a possibility the bullish move to the 950 area is underway. I listed 3 key resistance levels that should ultimately halt the rally, if it even gets there. Those are the levels I will most likely add to my short positions.
1 comment:
I cover my short after losing 8% today, the ETF ended down 11%, I saved 3%. I might jump back in when the S&P is around 900-960 or on Friday. :)
Thanks for keeping me updated
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