Get started
the5erstrading

SPX-500: Waiting for reversal daytrade signal

Short
S&P 500 Index (SP:SPX)  
the5erstrading  
SP:SPX   S&P 500 Index
Support and Resistance Supply and Demand breakout reversal priceaction S&P 500 (SPX500) keylevels
15
0
supportandresistance supplyanddemand breakout reversal priceaction spx500 keylevels
In the H1 chart, we can see that the price is in a very strong bullish momentum,
Since the price is in records I preferred to wait for a reversal opportunity.
If the price will break down the confirmation zone it will be the signal for the reversal opportunity.
If that happened I'll look for a price action setup to sell SPX500 as an intraday trade.
The first target will demand level - 1 and the final target will be demand level - 2.
The5ers Funding Forex Traders & Growth Program. Get Funded with up to $2.56M
We Trade Forex - Come Join Us!
the5ers.com
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.