remember even supposing the SPX gets that move up to the 200 MA
and an overshoot, this is late in the 5th wave, not a lot of blood
in turnip and one can hedge if they have longs they do not wish to
exit
otherwise the market hasn't broken any major symmetry up moves
at this point
very short term intra day some resistance now around the 2962 -
65 zone on SPX cash
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remember even supposing the SPX
SPX 15 Minute View
Posted by matt on 21st of May 2020 at 01:13 pm
remember even supposing the SPX gets that move up to the 200 MA and an overshoot, this is late in the 5th wave, not a lot of blood in turnip and one can hedge if they have longs they do not wish to exit
otherwise the market hasn't broken any major symmetry up moves at this point
very short term intra day some resistance now around the 2962 - 65 zone on SPX cash