S&P 500 IndexUpdated SPX gapped up in am and retested the trendline from the top
SPX gaped up in am and retested the broken trendline from the top, a perfect long for those who traded my call from last night.
I did warn that this can test 4007SPX, its getting close to it.
Did few long trades in am, not touching this till tomorrow.
FED should be a perfect catalysis for the top.
If the price will hold 3946-49SPX tomorrow instead of making a new high and crap, then I would be looking for another extension to 4068 with holiday volume by the 28th high.
From where I do expect a strong move down into Dec 1st low.
Dec 1st low should produce a good long opportunity and ideally it will hit 3744-50SPX.
Should see an easy 150 points into Dec 6th if not more.
The setup is coming and its tomorrow.
I will be on most of the day and will tweet my trades life.
I did warn that this can test 4007SPX, its getting close to it.
Did few long trades in am, not touching this till tomorrow.
FED should be a perfect catalysis for the top.
If the price will hold 3946-49SPX tomorrow instead of making a new high and crap, then I would be looking for another extension to 4068 with holiday volume by the 28th high.
From where I do expect a strong move down into Dec 1st low.
Dec 1st low should produce a good long opportunity and ideally it will hit 3744-50SPX.
Should see an easy 150 points into Dec 6th if not more.
The setup is coming and its tomorrow.
I will be on most of the day and will tweet my trades life.
Note
Posted this chart last night, a perfect breakout from the triangle
Note
All eyes on 4010.50SPX on the close
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.
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.