Key Algorithm Calculated S&P 500 Support Levels: 4320 (SMALL) / 4300 (SMALL) / 4250 (MEDIUM) / 4240 (MEDIUM) / 4220 (LARGE) / 4200 (MEDIUM)
Key Algorithm Calculated S&P 500 Resistance Levels: 4370 (MEDIUM) / 4350 (SMALL) / 4340 (MEDIUM)
Assessment: Well, pretty easy assessment for today, looks like the market is going to tank at the open. We will have to wait and see what happens because futures can be deceiving and reversed when real trading opens. However, assuming it holds, it will be a solid move for my SDS position I opened here on Telegram. So, no real strategy this morning. I am going to sit back for the first few hours of Monday (as I usually do anyway for Mondays) and see what happens. I am positioned well for this move today in the FMA and moved to hedge last week. So, I do hope this is a strong down week. It would then setup some buying opportunities! We will have to see how deep this selling gets. Long story short, for now I am just sitting back and watching. Good luck in your trades!