Apr. 13 at 1:50 AM
Weekend scan turns cautious:
Short setups now outnumber longs—first time in a while, signaling a shift in opportunity set.
S&P is testing the 20-week
$MA, a key intermediate resistance; repeated rejection could mark a maturing bounce.
If price fails to reclaim and hold above, risk of a new downside leg increases.
Seasonality (mid-term election years) may also lean weaker.
Near term: watch for a decisive break/hold above 20WMA; otherwise, rallies may favor selling.