0dteTraders

Short term bounce?

SP:SPX   S&P 500 Index
ES Futures are moving higher premarket, and the SPX looks ready for a short term relief rally after finding support at the 100DMA and the S1 Pivot Point on the Daily. In yesterdays session we broke an ascending trend line that connects the recent lows with a back test and rejection (4600) near the end of day. If we can get over 4600, I will look to position long for a potential gap fill above.

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