S&P 500 Potential Buy Set-Ups
Clear continuation pattern as it rinses out every stale bull who
jumped in at the first big impulse wave upwards and on the
wrong side of this now...should make a sweet double bottom
or close to - the first long is a speccy buy with stop either
under today'slow at 2615 or at lowest under that last low to
left of chart at 2590 - and it's another buy/add on breaking of
the upper parallel. So long as this holds at the lows today it
will rally back to the highs and beyond - a 10% rise...this would
just be the start and we can potentially get in close to the
swing low of a major and very rarely occurring dip - last one
was 2 years ago precisely.
Clear continuation pattern as it rinses out every stale bull who
jumped in at the first big impulse wave upwards and on the
wrong side of this now...should make a sweet double bottom
or close to - the first long is a speccy buy with stop either
under today'slow at 2615 or at lowest under that last low to
left of chart at 2590 - and it's another buy/add on breaking of
the upper parallel. So long as this holds at the lows today it
will rally back to the highs and beyond - a 10% rise...this would
just be the start and we can potentially get in close to the
swing low of a major and very rarely occurring dip - last one
was 2 years ago precisely.
Comment:
Perfect retest of the lows now - stops for longs under the low of the day
