Buy the dip on hourly MAs
SPX500USD looking toppish on the hourly chart, could see pullbacks towards the weekend. While keeping in mind that macro backdrop still look positive for the index - 1) Dovish Fed, 2) Strong earnings, 3) Corp buybacks.
Waiting to see if it can dip towards 100 hourly MA, a good entry point to buy the dip.
Waiting to see if it can dip towards 100 hourly MA, a good entry point to buy the dip.
Note
Probably would have gotten filled at both 100 and 200 hourly MAs
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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.