Signals & Trading Plan for Friday 2/7/20

$SPX $NDX reached Resistance1, got stuck and are getting sold prior to the weekend.

The short squeeze that was threatening to bring IWM back to its Jan high did not materialize.  Instead, $RUT IWM TNA rolled over.

Volatility ($VIX $VXN) is rising as complacency (SVXY) dropped.

Read our full article to position yourself ahead of the weekend.
The full article covers:
Market Internal Indicators

• Volatility & complacency
• Market breadth
• Level of bullishness
• Overbought / oversold levels
• Bullish / bearish divergence

Short-term Support & Resistance Levels

• For $SPX $NDX $RUT SPY QQQ TQQQ

Market Projections and Trading Plan

• For long-term portfolio
• For short-term trades

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