Short Term Trading Week Starting: 6 May, page-84

I do not underestimate tacit understanding between the administration and the street @VVX565, for reasons I will not go into on this thread.  It is hard to tell the chickens from the carnivores when we're still dealing within only a 100 SPX point margin of error.  We were overbought and the market structure - not just the ES structure - is frail from 2815.  In other words: this is relatively controlled within that range. @5peed those are some good charts and please mind that gap.  Assuming maintenance of price below 2890, we have large weekly support at SPX 2850 which of course falls into the gap.  Below that we have some more weekly support at 2800.  I just put these rough numbers in because most do not day trade or care about the finer support levels that intraday traders will be watching.