Triangle on the S&P500
I see a triangle here after the break out of the head & shoulders formation formed over the last days.
I think the chance of a break out to the top is more likely so I will stay in my trade I opend at 2083 and wait what will happen.
If it breaks out to the upside I assume the targets of 2108 for the triangle and for the head & shoulders formation around 2115. I think I will close my position if it reaches a target around 2108 and be fine by that.
Good luck with all your trades
Dennis
PS: This is my opinion and nothing else, no advice at all.
I think the chance of a break out to the top is more likely so I will stay in my trade I opend at 2083 and wait what will happen.
If it breaks out to the upside I assume the targets of 2108 for the triangle and for the head & shoulders formation around 2115. I think I will close my position if it reaches a target around 2108 and be fine by that.
Good luck with all your trades
Dennis
PS: This is my opinion and nothing else, no advice at all.
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