US500, S&P, SPX, S&P500, SPX500

١٤ مايو ٢٠٢٠

Bearish feeling overall - however looking at the last couple if indicator calls, this should go Bullish to test the trendline (towards the first target) then reverse, a breakout of wedge and fall towards target two. However, nothing stopping this dropping from here and ignoring a retest.




Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

١٤ مايو ٢٠٢٠

ملاحظة

Supporting the downtrend - 618 bounce, lower high and momentum curve to the downside looking at the peaks.

١٨ مايو ٢٠٢٠

ملاحظة

now starting to look for short entries on smaller timeframes. It has pushed out of the wedge passed Target one. Playing around the 618 level shown above. Starting to slow down - so it could be a potential false break North.

١٩ مايو ٢٠٢٠

ملاحظة

waiting for the drop back into structure