TradeApe
Long

SP500 Short Term Outlook

FX:SPX500   S&P 500 index of US listed shares
141 1 1
My line in the sand (LITS) is at 2097.5. Above it, I'm only after longs...below, only after shorts.

Kinda hoping for a bit of a pullback to the Tenkan, Kijun or Ichimoku cloud so I can hop in long for cheaper. Of course if my LITS breaks, my long bias is invalid and I'll be back looking for shorts. As everyone and his dog I'm expecting a correction for the SP500             , but even on M15 I can't see a decent short signal (yet).

Important to note that ADX has consistenly dropped while DI- (bears) gained a bit of power. DI- still above 20 too. If DI+ drops below 20 while DI- does the opposite, this bias is invalid too.

Anyway...for now, looking for pullbacks so I can hop in long.
Stupid market wouldn't stop testing my LITS from above today. 2 trades, both kicked out at BE :/
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out