spx chart

Why I don’t think SPX 2043 is a short right here

Peter Reznicek

1. Consolidation occurred just ahead of the level (square). This is usually a sign that when it retests it will go higher. 2. The pullback from said consolidation came right in to a visual reference of the Sept FOMC high. Says to me that bears are covering at any little chance they get. 3. There […]
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Peter Reznicek

Peter Reznicek is the founder of ShadowTrader.net and writer of Peter's Premarket Perspective, a morning market profile blog to help people plan their trading day and organize their thoughts before the market opens. He can be reached at asktheshadow@shadowtrader.net.

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