S&P500 Morning bounce --> Sell-off

SP:SPX   标准普尔500指数
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. SP:SPX
Good stuff. Thx for sharing.
great info man thank you....much appreciate the feedback I will keep my eye on that around mid day so like people going to lunch, makes sense.
Orro3790 TooTone03
@TooTone03, Thanks! Let's keep our eyes peeled! Once it makes its top, and starts to pull back down, I will draw a fib retracement from recent low to newly established high, and will look to cover between the .38 and .61 fib levels. It all depends on momentum, so watch the MACD to see where it fizzles out, and cover! :)
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