spx---> stay caution, hold tight stay right

Today SPX formed a very bullish candle , usually these type of candle with out any wick are dangerous, dangerous because it doesnt tell anything much. This can be a bear trap or a short covering , but whatever the candle is i am expecting a pull back to the support level as mentioned in chart. This pull back can happen next week probably, we can see a green Monday but i believe Monday will be red . Market has got a good run this week and last week, so a pull back is expected

Remember there is a saying bulls dont last more than 3 days and bears 4 than 4 days, so be ready for few red days ahead
I think the best strategy will be to cover the longs and some stock will also provide buy the dip opportunity

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Comment:

Remember there is a saying bulls dont last more than 3 days and bears for more than 4 days

Trade closed: stop reached