SP is retesting the breakout which is 38 Fibo level also.Long oportunity.
Second chance to go short with tight SL.
RATS ARE LEAVING THE SINKING SHIP!!
DUMB MONEY VS SMART MONEY :)Where you want to be ?
Short perfect entry on the High Band of the channel before breaking the channel to the downside.
It's time to do a serious retracement after the fake rally, since SP failed to test Monthly pivot @1900.
Testing broken line before moving up.
Short term sell oportunity TP @1917 and @1907
RBR is a well known formation that only confirm the rally continuation on SP.Base moment is just another accumulation period and is important to observ the direction of the market after leaving the Base period.Other formations are DBD @ DROP BASE DROP , RBD @ RALLY BASE DROP and DBR@ DROP BASE RALLY.
Bears need to pay big attention .THE ALL TIME LINE WAS BROKEN FROM BELLOW EVERY TIME!!
Breakout without any real rezistence, we closing 2 consecutive green candles allmost 150 points.Targetting 2036-2045 area.This move could be a real surprise for bears ,they will have to cover fuelling more the move to the upside.They had allready predicted their short level @ 1970, so, many of them are short again at that level.The bad news is that they predicted...
SP500 heading up.