Jonas99

SPY MES1! 3830: Likely Test 3725 soon, 3650 with decent support

Short
CME_MINI:MES1!   Micro E-mini S&P 500 Index Futures
With all the mega-cap earnings out of way and with exception of GOOGL, most reactions are bearish in relation to the positive numbers. A bearish sign esp. for QQQ. Higher $DXY would be a headwind for higher market as well as the Chinese bond market is flashing warning signs.

We are likely to get to 3725 very quickly. If test 3650 also a good probability at which point we will see the BTFD crowd coming in.


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