Caution in the S&P500 futures 4H charts... dodgy parabola IMHO
All bullish and well, until Pfizer announced a COVID-19 vaccine that works 90%... whatever that means (if you are a scientist, you would be wondering very hard)... and then all bulls broke loose.
Heed warnings that I have seen, that 3680 is a projected resistance level.
IF, and only IF, a rejection is given with a strong pullback to close the daily chart with a long upper tail, it would firm up this caution.
Else, I’m seeing everyone literally in euphoria and throwing caution into the wind - literally.
Well, we all know how the movies always turned out huh?
Caveat emptor
Heed warnings that I have seen, that 3680 is a projected resistance level.
IF, and only IF, a rejection is given with a strong pullback to close the daily chart with a long upper tail, it would firm up this caution.
Else, I’m seeing everyone literally in euphoria and throwing caution into the wind - literally.
Well, we all know how the movies always turned out huh?
Caveat emptor
Penafian
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