ES - S&P 500 move is not over yet
Yes, SP500 is down a lot.
Many indicators show oversold.
But what I see here is nothing more than a natural pullback, which seems to align with the Pitchforks 50% Parallel.
To me this could be a gift from the god to load up a little more. My target is still the Centerline. From there, we will see how the market behave.
#planyourtradeandtradeyourplan
Many indicators show oversold.
But what I see here is nothing more than a natural pullback, which seems to align with the Pitchforks 50% Parallel.
To me this could be a gift from the god to load up a little more. My target is still the Centerline. From there, we will see how the market behave.
#planyourtradeandtradeyourplan
Comment:
Huge pressure.
Beware to short into the hole!
We are at the Centerline again. There is a high probability, that the market will bounce north.
Beware to short into the hole!
We are at the Centerline again. There is a high probability, that the market will bounce north.
Comment:
Making money? ;-)
It's totally OK to take partial profit or close the position earlier if you have a nice bag of $.
And don't let this one morph into a looser if suddenly price jumps!