S&P 500 IndexLong
SP - Bull Perspective
Hard to know if this recent move is the start of a wave 5 up in the corrective rally, or wave 1 of a new downtrend. Lots of resistance in the 3950-4050 range. Will be looking for a short entry before the week is out but still riding the upward trend. Daily stochastics has been positive for the past few days so when I have doubts, I refer back to that indicator. Don't want to be short against a rising stochastics metric.
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