Dips in the S&P 500 of 2-3% occur every month around this time, due to the expiry of options. In August, S&P 500 options expire this Friday.
In addition, the price has broken through the trend line on the chart and could test it soon. On top of that, this is the fourth similar pattern. In all previous cases, the price corrected by 2% after breaking through and retesting the trend line.
It is the same situation now + the options expiration, there is a high probability of a 2% correction now.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
In addition, the price has broken through the trend line on the chart and could test it soon. On top of that, this is the fourth similar pattern. In all previous cases, the price corrected by 2% after breaking through and retesting the trend line.
It is the same situation now + the options expiration, there is a high probability of a 2% correction now.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Note
Price follows the script perfectly, who entered the trade yesterday after the retest, now in a good profit 
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Get access to the private club with VIP signals
👉 bit.ly/vipsignals_bikotrading
🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy
🔷YouTube 👉 bit.ly/YouTube__Lessons
👉 bit.ly/vipsignals_bikotrading
🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy
🔷YouTube 👉 bit.ly/YouTube__Lessons
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.