SPX500 Short bias but potential for Long
This is an idea, not advice
As expected, SPX moved downwards as expected to this level. Many of you should know, trade by reacting not anticipating, so wait for the reaction of the market to see how this resistant area puts up. If it fails we will certainly see an upside move towards last support now turned resistance. However, the overall currently is Bearish bias and the 4650 area looking real attractive for the trend, so trade with RR in mind. Good luck to you all.
As expected, SPX moved downwards as expected to this level. Many of you should know, trade by reacting not anticipating, so wait for the reaction of the market to see how this resistant area puts up. If it fails we will certainly see an upside move towards last support now turned resistance. However, the overall currently is Bearish bias and the 4650 area looking real attractive for the trend, so trade with RR in mind. Good luck to you all.
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Target of estimated position has reached
