NDX NQ

We witnessed another historic day of market manipulation, with major indices across the globe selling off during Asian hours and being pumped deep into green territory by the U.S. close.

SPX backtested the key 6.8K level. The next few sessions are very important in determining the direction of the coming weeks.

Congrats to those who shorted above 25K and took profit at 24.2K. Note that the index rebounded sharply and is now back above both 24.2K and the uptrendline resistance. The bear market is only activated after a decisive break below these levels. And for those who think the past few days have been a wild ride, this is just an appetizer. If you couldn’t stomach the past few days’ volatility, you won’t survive when the bear awakens.

ES bounced from the horizontal support on Sunday night.