Earlier in this week’s newsletter, I reviewed the daily squeeze with a sell signal on the S&P 500 (SPX). As I mentioned, the squeeze fired short this week and hit our downside target. The daily chart is still showing a daily sell signal. However, the weekly chart is finally showing neutral signals. If the market can’t maintain price action above the 21 exponential moving average (EMA) then the market could head even lower.
I want to short the rallies until the daily sell signal cancels out on SPX. Check out the levels I’m watching in today’s video:
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Stay Focused,
Taylor Horton
