SMN. Supports trading near monthly lows at 43.5. Fridays close 46.5.
Daily .Resistances 51 with a gap at 50.5 to 51.8 using the candle tails. The most significant resistance at 55.
Weekly. Lower high.
Nothing is popping out at me, so neutral.
As of last week, I have changed my macro sentiment to prepare for a significant move to the downside soon. I'm picking the SnP, which could move to about 6300 before. Currently, it is 6125.75. I have been long the ES SNP since 4517. I am now rolling this position short on rallies into my sell zones.
This is in no way any advice, and it could be completely wrong. Trump presidency could change many things.
Buffet has been going cash also.
SMN Price at posting:
46.5¢ Sentiment: None Disclosure: Held
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