After a pop on Friday, the S&P 500 (SPX) is approaching three major levels of resistance that we’ll define in the video above.
Bigger picture, the weekly chart is still showing to short the rallies.
If the market can approach the hourly 200 simple moving average (SMA) and the hourly chart still isn’t printing a Big 3 buy signal, we’ll move to the lower time frames.
In the video above, we’ll review an area for a potential short position with a solid risk versus reward. We’ll also observe names on our focused list, including AAPL, BA, META, and more.
Stay Focused!
