S&P500 Outlook 19/3
Not all that phazed about the interest rate hike it seems. Regression is still bullish for now even if it isn't by all that much.
A break of 2382 to the upside would be quite a bullish sign for me. If we stay below 2375 I favor shorts but will pay close attention to what price action does around 2368 and 2362. Obviously any real drop below 2362 would be really bearish.
The 2375-2382 range isn't large enough for me to bother range trading it.
Will probably just make my life easy and go long above 2375 and short below while keeping an eye on key levels mentioned above. Might also consider a short around 2380-2382 if there's some bear momentum building up on lower time frames. In fact, a rejection around 2380 is probably the "safer" entry compared to already going short at 2375. I like tight initial SL ;)
A break of 2382 to the upside would be quite a bullish sign for me. If we stay below 2375 I favor shorts but will pay close attention to what price action does around 2368 and 2362. Obviously any real drop below 2362 would be really bearish.
The 2375-2382 range isn't large enough for me to bother range trading it.
Will probably just make my life easy and go long above 2375 and short below while keeping an eye on key levels mentioned above. Might also consider a short around 2380-2382 if there's some bear momentum building up on lower time frames. In fact, a rejection around 2380 is probably the "safer" entry compared to already going short at 2375. I like tight initial SL ;)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.