SSO
S&P (SPX500USD): Make this Money Printer Go Brrr!✨ We provide charts every day ✨
Like and Follow to help us grow family! 🎉
---
Let's see if that money printer can make it rain friends!
Today we are looking to see if the uptrend can continue with the S&P (SPY, SPX, SPX500USD, etc). Longing the uptrend in equities has been profitable recently, let's assume that trend continues and talk about entries, exits, and key levels.
---
1. S&P is currently in an uptrend within a channel as illustrated on the chart. We recently saw a reaction off the bottom of the channel which produced a long signal.
2. With the strategy in use we want to go long ONLY when Fractal Trend signals an uptrend (Green background color) AND Breakaway Scalper then signals an uptrend (Green bar color).
3. With a long signal having been recently produced, we are watching R1 and R2 for reactions. If rejected at R1 we will watch for a retest of the trend line or even a trip down to S1. If price can get past R1, then the levels to watch above are R2 and R3.
4. If the uptrend channel is broken, S1 and S2 are the next levels to watch for support.
5. Regardless of which way the price goes, we will be using the built in trailing stop on Breakaway Scalper to reduce risk and lock in profits if we move to the upside.
$iwm $tsg $tna VIDEO ANALYSIS powerful 2-3 week rally Any Day.Bit money has been moving into these stop options looking for higher prices in the next 10 days!
This stock looks like a solid gamble for higher prices.
Weekly chart breaking will trigger powerful 2-3 week rally.
S&P 500 is at or close to a Major Bottom..When the Squeeze momentum starts to get into the negative 20 to 30 range, a major low in the $SPX -3.09% presents itself. There could be a quick plunge down to 2575-2625 area but personally I have already started to scale into longs and will keep on adding on each 0.25% lower.
SPX500 shows signs of making a significant overnight moveI am a bear at heart, but I perceive that a strong buying interest is afoot with the SPX500 tonight. Why the interest? Seems to imply that certain NFP knowledge is "out there" or strongly speculated.. Just my opinion, and not a recommendation to buy or sell.
I am not trading indices at this time, I'm only long metals and miners... I feel that SPX500 rips up strongly here.