Spx500 still long
Updated
spx is currently in a bullish phase, could be continuing the ultimate uptrend since it broke out of the bearish correction trend line. personally I could never buy at current price, nor should any smart trader, with that being said I'm expecting a drop after failing to break highs to set up for the next bullish push. I rather have the most extreme scenerio(the bottom order block). but it has some traffic on the way down. personally I'm short term bearish and I'm looking for sells after the retest up if price action allows. thanks for reading
Note
I aslo see the double bottom there which could push price to a new high with time. honestly ill have to sit on my hands for now until I'm more sure.
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.