SP500 Sell/Buy Setup
Wait for the FED and their statement. Depending on which way the breakout would happen go with this direction.
Buy Scenario:
Stop loss – below the last low to be created.
Target 1 – Last highs around 2186.50.
Target 2 – Keep it open until bearish divergence starts to develop.
Sell Scenario
Stop loss - above the last high to be created.
Target 1 - Last highs around 2186.50.
Target 2 - Keep it open until bearish divergence starts to develop.
Buy Scenario:
Stop loss – below the last low to be created.
Target 1 – Last highs around 2186.50.
Target 2 – Keep it open until bearish divergence starts to develop.
Sell Scenario
Stop loss - above the last high to be created.
Target 1 - Last highs around 2186.50.
Target 2 - Keep it open until bearish divergence starts to develop.
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