Dear Trader ,,,
SPX500 BUY THE DIP & support level ?!!
forming some sort of supoort at 0.618 at price 2556.8 and the buyers are coming back to the game.
also the profit takers are going back to buy the dip , we shall see some intersting action.
I would like to see a closing above the 2697.4 price there are my orders waiting ,,,
However, i would say we might stay on this level for sometime. As the technical part still not clear.
As i told you a close above 2697 should be good to buy.
After that as you can see i am going to short it if we get conformation.....
The sell off happen "Technical and Algo traders" Bloomberg.
More to follow ,,,
Good Luck All ,,,