If I keep saying that price action looks bearish it will become true, right?
The S&P 500 looked like it wanted to roll over today and on Tuesday, but it just wouldn't do it.
Unless we get a bunch of shutdowns due to cover (a real possibility) the market is probably going to rip off the face of shorts. Myself included!
In this video I talk about the two closest price points that will dictate our next leg.
3,500 is the downside level, a break of that and we likely see more selling. Upside is the 3,580 level.
I know, tight range, but which ever one is broken I believe will dictate the next push higher or lower, atleast in the near term.
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