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Orro3790

S&P500 Morning bounce --> Sell-off

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Índice S&P 500 (SP:SPX)  
Orro3790  
SP:SPX   Índice S&P 500
Trend Analysis Chart Patterns S&P 500 (SPX500) SPX (S&P 500 Index) spx500short sp500short sp500index
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trendanalysis chartpattern spx500 spx spx500short sp500short sp500index
Chances are, the market will open green, as it rides on bullish continuation from Friday's bounce. However, we aren't out of trouble yet. RSI will become overbought, and we have not yet made higher highs. Expecting a bounce from one of the resistance levels I have charted. Will be ready to switch to a short position by midday. SPX
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