The Spx500 looks like its running out of bullish momentum in the short term. Failing to set new highs, lets see if we can test the Dec 20th 3:30pm low. Ill use the previous consolidation as my resistance area. Giving a nice 2:1 risk to reward.
SL 3719
TP 3657
SL 3719
TP 3657
Note
I exited this trade with great gains
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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.