S&P 500 IndexShort
Strong Rejection on Resistance Level
Price wave off from its high after an early rally. With bear trap on current price setup, it will be interesting to see whether daily 20MA can hold the sell off.
If 20MA daily support unable to hold the sell off presure, selling momentum will drive the price to 50MA daily price area which is 2405 to 2412 area.
If 20MA daily support unable to hold the sell off presure, selling momentum will drive the price to 50MA daily price area which is 2405 to 2412 area.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.