Long SPX at 4390
TP at 4600
SL (Not set in stone but a close below 4375 and I will walk away from this trade)
We have seen some bullish movement in SPX in the last few days as it has broken the downward trending channel. Yesterday, we saw a dive back to the 4390 lvl where I have entered this trade. The downward trending channel will now act as a support as well as the 4375 fibbo support level and I don't expect to see it close below this level.
Good luck - shout if you have any Q's :)
TP at 4600
SL (Not set in stone but a close below 4375 and I will walk away from this trade)
We have seen some bullish movement in SPX in the last few days as it has broken the downward trending channel. Yesterday, we saw a dive back to the 4390 lvl where I have entered this trade. The downward trending channel will now act as a support as well as the 4375 fibbo support level and I don't expect to see it close below this level.
Good luck - shout if you have any Q's :)
Comment:
Closed longs around 4350 for a loss of -40 pips! As we closed below the 4375 level, this trade Failed.