Monday, May 17, 2021

Morning Post 05/17/2021 SPX

Good vs evil 

On to the lie - 

Gonna open near the 20dma. Curious to see what happens there. Surprised it broke that resistance Friday. Kinda messed up my whole plan of playing between the 20 and 50 for a bit. That’s what I’d still like to see. Patience. Watch the Fed and the 20. Never discount the power of the Fed. I’ll be patient and watch the open as a BTFD moment could occur as they open it on or near the 20. Gonna be an interesting first 30 minutes this morning. 

More to come below.

Have a good day.

GL and GB!

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