SPX 500 - BOTTOM REACHED (Short Term Move)OANDA:SPX500USD
Considering we are reacting from a MONTHLY AREA OF DEMAND **See my profile for more information**
We are seeing a reaction to a 2 HOUR DEMAND LEVEL, with targets to the SUPPLY LEVEL higher up. This trade is to take advantage of the shorter-term move. This trade hitting targets, our longer-term trade, with targets higher up become risk-free.
If this level is respected and the cause of the break of the opposing supply level, evidence will build that this is the bottom of the market and demand will start to build for the S&P 500 including all other US indices and most US Stocks that are ALSO currently reacting to monthly demand levels **See my profile for info on those stock palys**
This level could be responsible for a push higher if supply and demand levels are respected.
