themarketzone
Long

Potential Buy Zone to focus on

FX:SPX500   S&P 500 index of US listed shares
Last week's bullish setup on $SPX             was highly accurate and yesterday $SPX             touched the target zone and reversed.
Now the focus is on 1905-1915.
Potential buy zone if indeed last week's breakout wasn't a False Break.
Pay attention to the 200 SMA line (hourly) - Good level to place stop loss below.

Tomer, The MarketZone.net


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Comment: Setup failed.
I still think that by the end of the day you'll see a reversal and a close above 1900. In such case, will re-enter.
Agreed, we might get a nice push from that zone. I'm out of shorts now. (shorted 1928 and 1937.4)
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