SPX500 wizardry

Yesterday we nicely executed long trade in SPX500. Seeing the bigger picture though promises very tough road ahead. WXY corrections are so tricky, almost non-tradable. In the chart, I indicated 2 possible scenarios and I am sure there are many more possibilities. You can see that if pink scenario materialises, SL will be knocked out.

This leaves no choice but to trade short-term. My newly developed rules allow trading C wave only in those wxy corrections. So we'll be watching the developments very closely, identifying waves C before they start and taking profits when they finish.

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Comment:

I guess we are in pink scenario. Will analyse in a separate post.

Trade closed manually:

Having considered pink I moved the SL to 0 and they were triggered Friday night