The question for next week is how the market handles this dip.
On Friday, we saw a short squeeze in the S&P 500 (SPX) after breaking key levels this week. SPX broke the 21 exponential moving average (EMA), $4,000, and the 50 simple moving average (SMA).
In the video above, we’ll review the current market conditions and where we’d want to initiate any new trades. For now, the game plan is to remain patient.