Friday, January 21, 2022

Morning Post 01/21/2021 SPX

Good vs evil 

On to the lie - 

Minis were off 40, fought back to even and now off 20. That’s a wild ride. Yesterday was a really bad day for cash. Backtesting the daily 100 then falling to take out round number and near term support 4500 ain’t good. Maybe not enough shorts lined up to slaughter? Maybe an organic pullback is actually happening? I think price is working MAs for support. I’d look at the monthly 20 at 4k as the first major hurdle moving south. 4300 area for now is a big deal. It’s getting interesting at least. 

More to come below. 

Have a good day. 

GL and GB! 

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