5m SPX – 5 Day Trend Line Resistance (update 3)

The TL resistance turned into support on 11/18.  Today in the S&P we saw a breakdown below support levels lasting an hour.  We entered a few positions during this intraday period of market weakness and anticipate strength through the rest of the day.

Looking for a hedge in the SDS or another good spot to get in the VIX.

 

update 2
update 1
original post

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One Response to 5m SPX – 5 Day Trend Line Resistance (update 3)

  1. Pingback: 5m SPX – 5 Day Trend Line Resistance (update 4) « Zevon Investments

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