SPX 500 on pressure

3 May 2020

As we seen on the chart, we can say that SPX 500 is in the money zone. Many market changes have happened in that zone, so we should wait for the retest or any strong downward movement in that zone, then we can go short. We can expect one more down wave to complete its ABC pattern. Don't stack more at first. Please use proper money management and use ladder distribution.