The market’s overall structure is still bearish, with no signs of a short squeeze firing. The Big 3 Squeeze also shows bearish signals on the daily, 4-hour, and 30-minute charts. If the S&P 500 (SPX) can’t hold support at the 21 exponential moving average (EMA), SPX could head lower towards $4,200. For now, I will keep shorting any small rallies until the market shows signs of positive momentum.
Check out key levels I’m watching on SPX in today’s video:
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Stay Focused,
Taylor Horton
