SPX—-> caution required E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! aksfintech SPX has a great rally now it is oversold in monthly chart and most of the time it ended in major correction whenever it is oversold monthly. However when that sudden bear attack will come is the most disfficult part no one knows it. As i mentioned in my previous chart that bears have started coming, still bull were strong but anytime there can be a sudden flip. I think this is the time to play safe and put stops , usually these types of rally leads to major correction. there is definitely bull market and chances of market crash are very less but there can be a good sell off. I have posted my suppport and resistance level . I am hoping a red Friday tomorrow. Why fridays are usually red? —> market makers has lots of benefits in making red Friday, they sold the put , which gives them right to buy stock at lower prices, also they sold the calls so dropping the price will help them as those contract wont be exercised. In any market amount of call sold is more than the put sold. So market makers want to keep Friday low at the same time those who have purchased the calls will excercise it which results in buying and increasing the price of securities , this is the dynamics of Friday. I hope you are enjoying my analysis, ideas here are for entertainment and education these are not trading advice. Dont forget to like , follow me on trading view and twitter and check my other ideas. ALso i make lots of typos. Sorry for that