$S&P500 - $SPX Going higher if can hold above 4362!
Updated
Price action from the 4640 high is not impulsive imo and thus increases the chance of this being a 1,2 move !
From the 18th we also got a 5 waves move up from the 4362 low and so, if current pullback holds above this level and can then make a new high above 4491, I think we can say that we have started a new bull run.
From the 18th we also got a 5 waves move up from the 4362 low and so, if current pullback holds above this level and can then make a new high above 4491, I think we can say that we have started a new bull run.
Note
Bad day in the markets today with lots of failed breakouts in individual names...Got my
OXY order filled and quickly stopped out, this shows current environment is difficult to trade and it's best to stay in cash for the moment until things start to brighten up.Note
If the invalidation level isn't breached and if price can make a quick recovery above 4516 will I get interested in buying.
Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
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.