DislikedS&P 500 (SPX) Since the Earnings season is almost done, but i still have to read a lot and also Berkshire meeting is today i am jumping directly to conclusions Simple 6H chart, to the battle field area. we are near the bull trend area in daily and also on a channel started since March lows. So 2800 on cash is support while above 2900 to 3000 is resistance. TF are conflicting so is COT report with a lot of players on short side and others on longs Earnings are done and problem is from this perspective few companies give us guidance for this Q even...Ignored
ES f - open lower than support and even lower on daily, i will wait to see how US session goes before any decision. from a short perspective ES f hit a resistance near 2805 so that level for shorts need to be defended but gap is big so we will see 1h after US opens.
Rule No.1: Never lose money. Rule No.2: Market is always right !