Waiting for a retest of the highs made in June which would also bring about another bounce on the drawn trendline.
If market is able to fall to these highs, my next set of buy orders will be triggered (green box).
I will begin closing down on my positions in Amazon however as we enter 2019 and move into 2020, or rather as the SPX approaches the 3000 region which I see as a major barrier for the stock market.
More analysis will be posted as we approach the 3000 region on the SPX.
If market is able to fall to these highs, my next set of buy orders will be triggered (green box).
I will begin closing down on my positions in Amazon however as we enter 2019 and move into 2020, or rather as the SPX approaches the 3000 region which I see as a major barrier for the stock market.
More analysis will be posted as we approach the 3000 region on the SPX.
Comment:
buy limit was triggered a few days ago