Good Day traders. Over the last 30+ days 95% of the posts have been to short the SPX. Everyone got really excited after posting 30 days nonstop to short it, after rising 150+ points, and finally it went down and they said "SEE SEE! I told you!" Even after major resistance breakthrough, and I mean MAJOR, they are still saying to short it. Folks I'm here to tell you not to short it. Do you think the fed is really going to do something drastic? Do you really think a China deal is not gonna happen? Remember MAJOR resistance was broken. It is now support. I see us going to 2868 before we see another pullback. MACD histogram is about to turn green...onward from here. Remember, even a blind squirrel gets lucky every now and then and finds a nut.
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