The fall of S&P (Week of July 11th)
Updated
2 weeks ago, the S&P make a high of 3945.
Last week it has crept up to 3915.
It is being resisted at this level for almost the whole of Friday and we are seeing the few tops being created.
There is RSI divergence being shown and likely to have a fall.
We won't be taking this trade as AUDCAD would fall at the same time, but would watch this closely.
Last week it has crept up to 3915.
It is being resisted at this level for almost the whole of Friday and we are seeing the few tops being created.
There is RSI divergence being shown and likely to have a fall.
We won't be taking this trade as AUDCAD would fall at the same time, but would watch this closely.
Trade closed: target reached
The trade worked out perfectly. We ended up taking EURCHF to align with the downtrend. Trade is switched to breakeven.
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