Trading Environment-Short Term: Current Environment-Neutral
are under some selling pressure this morning, but still stuck in "no man's" land. The short term trend is lower, as we have had lower highs and lower lows. The preferred pattern is for higher before lower, but I remain neutral here and will leave my 1/3 remaining short position in place, with a stop at 2880. There are no bullish/bearish signals for the /es on the technical front-so neutral is my mind set.
IF YOU LIKE OUR POSTS-PLEASE FOLLOW US AND LIKE EACH ONE OF THEM-THANKS IN ADVANCE
The SPX short term range and buy/sell triggers for self traders are-long above 2870 with a stop below 2853 (I'm not taking that) just giving you . The short trade would be below 2852 with a stop 2864. Not a bad set up, being the stop is fairly tight, but shorting gap downs has never been a safe trade-so not for me either. Patients is key here and let the market work itself out of the choppy range we are in right now.
Today range for the spx 2861 high and 2853 low. (Gap Numbers) A break of 2861, the SPX should try for the spx should try for 2870/2881. A push below 2853 we could see 2843/2832. G-
SPX CASH 60 minute technicals
Divergences- No Divergences
Resistance Levels: R1-2861 R2-2870 R3 2881
Support Levels: S1-2853 S2-2843 S3 2832
Trending Pivots: Neutral/Lower
Special Rate Plans: https://www.sentimenttiming.com/special-pricing-plans-alone/