SPX500 - The Upside
Updated
Taking some awful chances in this idea.
The daily cycle is very mature, we are on day 47. We bumped into the resistance of 2820 again which is a multi month resistance. It's the 2nd time that we were unable to break above it.
MACD crossed over, RSI 6 had left oversold condition and just needs to break below the red line ; and SlowStochastic has a good cahnce to tag the oversold territory.
If this is breaking down - we might have only 2-3 down days and then it reverses and running to new all time highs - the chance is good that we are going to tag the 50 MA and the 100 MA.
This is a very risky trade , we might just break above 2820 and run to new highs, so set your stops above 2820...
The daily cycle is very mature, we are on day 47. We bumped into the resistance of 2820 again which is a multi month resistance. It's the 2nd time that we were unable to break above it.
MACD crossed over, RSI 6 had left oversold condition and just needs to break below the red line ; and SlowStochastic has a good cahnce to tag the oversold territory.
If this is breaking down - we might have only 2-3 down days and then it reverses and running to new all time highs - the chance is good that we are going to tag the 50 MA and the 100 MA.
This is a very risky trade , we might just break above 2820 and run to new highs, so set your stops above 2820...
Note
200MA closing half of the positionNote
Using a stop loss :I will move it once we have a lower low on the hourly.
Note
Note
Note
Stop loss moved again.Playing withe the house’s money.
Trade closed: stop reached
Note
Powell... so ridiculous how they leave alone the market after the FOMC. Note
Unbelievable how they are leaving alone the stock market after every FOMC meeting
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