Futures are flat this morning after yesterday’s massive short squeeze yesterday.
That is a win for the bulls and there really isn’t a whole lot to go over this morning.
Nothing has changed in my mind.
I am on the fence and open-minded regarding the next directional move.
Let’s see if the bears try and defend the important 3950 resistance line.
If they fail, we could see some panic covering up to the 4050/4100. G
SPX Hourly Technicals
Stochastics: Overbought
Divergences: No Divergences
Resistance Pivots: R1-3950 R2-3978 R3-4010
Support Pivots: S1-3919 S2-3902 S3-3894
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