Selling the SPX500 from 2282

Just sold the SPX500 at 2264 with a STOP at 2282.

7 attempts by the BULLS to move the index past 2281 –  set 11 days ago and the BEARS look poised.

After Friday we’re in uncharted waters and its hard to see the index pushing higher with the Trump effect evaporating rapidly.

Its down for the USD and down for the SPX500 from these levels and although you can’t rule out another leg higher, down looks more likely with RSI turning south and the TDI arrows turning clockwise.

 

 

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