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Cory4rex
Sep 20, 2022 11:20 AM

SPX setup 9/20/22 Long

SPX 500 IndexBlackBull Markets

Description

Trading inside yesterday's move up and near the weekly opening price.

Currently inside a 15m+FVG on no volume so I'll be paying attention to this area for the time being. The times and sales and level 2 aren't showing anyone big trading for now, so we wait.

I'm neutral to bullish for the short term but if we trade near the daily and the 15m-FVG and reject, I don't mind reversing the position in the opposite direction.

Comment

Moving into the next 4H candle, if we are going to continue up, I would like to see a rejection off of the weekly open. I order to sell this low, I'd need to see a BOS and below the weekly open.

Trade active

Sold below weekly open price with a target of the 15m+FVG. Partial of 80%

Also buying within the15m+FVG with a target of the weekly open.

Trade closed: target reached

Target reached on the Sell

Trade closed: target reached

Trade closed: target reached: Bought retracement to the weekly and closed out all the trades in profit. Did not enter the continuation to the downside from the weekly open.

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