SPX Analysis by harmynder

The analysis provides a morning update for the financial market. The analyst highlights Netflix's earnings causing a 15% surge and its influence on pushing the indices up. S&P 500 up by 0.53%, Nasdaq up by 1%, Dow Jones up by 0.33%, and Russel 2000 also being higher. All indices are in the sell zone as indicated by red lines. SPY will open on a gap up by 0.5%, QQQ will also open on a gap up. Gap needs to be filled. Dow Jones is opening on a gap up. The analyst advises caution against buying. On the daily chart, its observed RSI approaching the red line, where short entries can be made for profit when the price bounces back after touching the red line.