amosjdg

A dilemma for the ages...

SP:SPX   L'indice S&P 500
Hey traders. We are in quite the dilemma right now. I don't know if we have ever had two major signals reached within hours of each other. One showing bullishness, other showing resistance. We have just achieved a Golden Cross today and we are very very close to the top of the left shoulder if it plays out. I thought about selling to close my calls today at the end of market on the spy. In my previous post I talked about resistance at 2872. Well I think we are going to hit it tomorrow and possibly see some pullback. While I do think we will eventually break through it I see a repeat from 10 days ago or so when we almost hit 2872 and pulled back to 2800. Trump is just stubborn enough to actually close the border which I think will negatively impact the market. Where we go from here your guess is as good as mine. Do we ride the golden cross? Or do we we see resistance at the high of the left shoulder. Either way I can see validity in either direction at this point. What do you think?
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