TA -SPX is forming a bull flag, changed the trend from bearish to Bullish. Notice every time the market is about to form a bear flag, FED steps in and vaccine news appears. -The first resistance for SPX is 3153. If it breaks above this value. There will be a break-out for long positions, potentially fill the 319 gaps. -In the final hour of the trading session, SPX closed above 3120.2: Bullish. Also, there was a bear trap during the final minutes of the trading. Short squeezing could be taken place soon. -SPX is trading above all moving averages in the daily chart: Bullish -RSI, Squeeze: neutral. Bottom line: Tomorrow could be a small gap down, then SPX continues the bullish trend. Or SPX breaks out during pre-market and go higher.
-Trading note: I sold my 311, 314 calls at the beginning of the market. Bought some puts when SPY was 314, immediately bail out at 312. Now I'm holding 312.5c 06/19.
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