$SPX - Toss Up - Tight S/L (Multiple Options Laid Out)There's a lot of liquidity resting above the high 3934. I feel siunce that high there has been a pull back. I want to see how the bell opens and if it reaches lower into the range of 3921 - 3912 I would expect a bullish move to try and get above that liquidity and more liquidity above. This is also the bias since yesterday after the day ended. This is what I want to happen
Longshot but possibitlity it could just free fall and reach the breaker around 3890 in which I would wait to see if it gets to the low point of that breaker 3883 to see if it would turn bullish at that point.
4 hr has a gap opening at 3913 I feel it could also pullback to before moving bullish. A lot of moving parts, but I'll try to let you know the decision I make as soon as I do. SPX Moves Slow so we have time.
Will Let You All Know what I do ASAO
Spxcfd
$SPX - DILEMMA (DEPENDS ON WHERE IT PRICE REACHES FIRST)If it moves up intpo the fap around 3886, I'm likely to be temped to go short as that has been the bias of SPX within the last 24 hours. And I would short it to the mitigations/breakers that formed around March 9 and 10.
I don't see it changing bullish although there are the soft highs around 3908. Howver, I see Friday to be the possible turnaround and attach those highs. So I think it will reach up into 3886 then push down to 3864 and then turning around bullish.
But if it reach 3864 first I wan to wait to see if it gets to the botoom of those breakers near 3854. If I start seeing that the momentum is changing I will go long and aim for the soft highs around 3908. Let's see what happens
Good luck and good trading
$SPX - Wait for it - Entry at 3847 or 3837I can't tell exactly which one if these two will be the entry just yet, but it will be one of them. I see that SPX Should be trending down for most of the after noon. If that is the case it should make it's turn around between 11 am - 1p.m. Eastern time, and that's when it should enter the price of 3847-3837 possibly getting to 3825 before turning bullish. There are somewhat equal highs above between 3900 and 3915 that ot wants to aim for and take out the liquidity resting above that. So just beware if this price continue to fall.