Good zone for short

Apr 7, 2020

Now at important resistance level around 2735-2775. EMA 200 at 2718. If won't breakout on that move, pullback to retest ~2666 and possibly to 2570.

Support 2650 - 2570 - 2530 - 2437
Resistance 2775 - 2815 - 2900 - 2950

Apr 9, 2020

Note

Perfect short zone. Hit the top of my short zone at 2775 and now pulling back. Considering the fact that within last 3 weeks over 17 million Americans filed for unemployment, and COVID cases still increasing, there is no reason for market to grow yet. Stop loss above 2775