We hit November levels that creates resistance this morning (orange line), unless we can get sustained bull action here, the red downward trend line
will force this down to a new lower low on SPX
and the wider markets. Trade with care here bulls. I'm on the sidelines taming my FOMO fears. I only run with the bulls when they show conviction and I'm fine not being in front. This looks like a short term bull trap on short term oversold correction.