Kumowizard

2170 resistance halts short squeeze. Momentum loss

Kort
FX:SPX500   S&P 500 index
9
I think that's it for now. Key resistance marked by Chikou Span peaks and lows at 2170 stopped the amazing post Trump short squeeze. Heikin-Ashi started to signal consolidation. Not yeat bearish, BUT if you look at Nasdaq ($NQ), you will soon understand why it is better to get out of longs, or maybe stay even short already! You can go and check my recent Tweets.
A retracement to 2110-20 can quickly happen any time.
Stay cautious, as volatility will stay high!


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