🚀🚀 S&P500 - LongThis idea i posted in my channel on Friday, i Entered at 4098 and hit my TP2 at 4167. I believe we could find another entry around this region.
Here is my analysis for S&P 500
SP:SPX
I have marked out step by step how i have come to find a long position on S&P500 .
Price has broken the previous LH and created a new HH which has BOS.
There is a key level of support around the area 4098 & has now broken the counter trendline and respected the 78.6 level.
Happy Trading Traders.
Spx500usdshort
~4000$ in upcoming daysThe recent price action on SPX has made me believe that we are going to be seeing further downward movement along with somewhat of choppy market for the next couple weeks, the correction waves of super Cycle are still not over. We are currently in wave 4 of sub cycle. I am expecting this wave to finish soon. My invalidation is incase wave 4 crosses wave 1. I will be looking for a long opportunity if presented near the mentioned global fib level.
SPX500 Short SetupS&P500 Short Setup
🔵 Entry Level: $4577.3
🟢 Take Profit: $4532.0 (1.31R)
⛔ Stop Loss: $4612.0
Reasoning:
1) We formed a double top and while the Risk-Reward-Ratio is not very favorable (just 1.3) the setup does provide for quick scalping.
2) With that being said, considering the spread on the platform you are trading (or commission) and the weekend fees (if the target doesn't get hit which is very likely) this trade wouldn't make too much sense, but I decided to share my thoughts just in case.
SPX500USD - shortSPX500USD is at the top of the bear flag pattern in the small time frame (which is the AAD pattern of the previous rising wedge).
Thus there is a possibility for a short day (maybe swing) trade.
Disclaimer: this is for educational purposes only. Any risk related to trading this index is solely on you. Thanks.
SELL SPX500At the morning I posted that the market will make a little correction then it will continue going up, it managed to go short, my clients and I have reversed at the place I put the arrow, thanks to god we have recovered the loss moreover we have made a profit and our position still on, you can sell and make a bprofit in the US session.
S&P 500 Short SetupS&P 500 Short Setup
Entry: $3,864.4
TP & RR: $3,750.7 (2.22)
Stop Loss: $3,915.7
REASONS FOR THE TRADE
Not much to discuss here, aside from the fact that we are looking to open a short position at an established resistance level. This is one of those trades that it's just too obvious, so I believe a lot of traders will be stacking orders there. When/If our position gets filled, we will be monitoring it and if volume continues to increase or we pierce that level convincingly, we may close the trade prematurely and potentially open a long trade.