S&P 500 rallied 100 points in 4 days. That’s an incredible rally.
The buyers are stepping up. And I would not get in front of this freight train.
Because I haven’t seen any selling pressure all week.
And I don’t like to sell short on Fridays.
Because I don’t want to worry about my positions over the weekend.
You never know what can happen.
The Mexico tariff headline risk looms. I don’t think President Trump is bluffing.
Take look at the support and the resistance levels:
Resistance is at 2,835 and 2,869 (red lines).
Support is around 2,800, 2,775 and 2,745 (blue lines).