So I'M quite sure that we printed the DCL last week.
We are running to new highs. This a low risk entry:
SL : 2034
TP : above the 2015 May high (2160-2170)
I would open only a partial position as tomorrow we might come back to 2055. I would add the other half of the position there. If price running away tomorrow without the 2055 pullback I woud add the other half at the break of 2084.
All the swing traders will be on the long side again from today.
SPX500 is in a bottoming process now.
They were preparing for this. They will pull up by the close.
We tagged the 200 EMA and bouncing from there.
It's simply too late in the daily cycle to print a lower low.
Going long again before the close.
We have a swing again ( price went above yesterday's high) We have the swing traders on our side now.
We just need the purple trendline to break and the techical traders will be with us.
It was a good decision to reenter yesterday...