S&P500 Trading plan
Pattern: Channel Up on 1D.
Signal: Initially bearish towards the Higher Low trend line of the Channel Up as the Rising Wedge that was supporting broke downwards. (A) If the Higher Low trend line holds it is bullish on the short term. If the 2625 Support breaks, it is bearish. The region in between those is a neutral zone.
Target: (A) 2800 (roughly where it can meet with the 1D MA50), (B) 2450 (just above the next Support).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Signal: Initially bearish towards the Higher Low trend line of the Channel Up as the Rising Wedge that was supporting broke downwards. (A) If the Higher Low trend line holds it is bullish on the short term. If the 2625 Support breaks, it is bearish. The region in between those is a neutral zone.
Target: (A) 2800 (roughly where it can meet with the 1D MA50), (B) 2450 (just above the next Support).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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