sumastardon
Long

S&P 500 Index Buy Set Up off Swing Lows

SP:SPX   S&P 500 Index
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.
Comment: Perfect retest of the lows now - stops for longs under the low of the day
snapshot
I mean that was a little early to claim a double bottom, just seemed like a retractment of the downtrend before continuing further down
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