Hi Traders,
We were in a descending triangle on SP500 but we broke today and went higher until he touched the 61.8% fib and reversed during FOMC. We close in less than 1 hour and he is well back inside of the triangle. I am already short and in good profit already.
All I need now to give me more conviction is the trend line on RSI to break.
Thanks!
Thiago Duarte
@thiagotrader
thiago@duarteinvestmentgroup.com
We were in a descending triangle on SP500 but we broke today and went higher until he touched the 61.8% fib and reversed during FOMC. We close in less than 1 hour and he is well back inside of the triangle. I am already short and in good profit already.
All I need now to give me more conviction is the trend line on RSI to break.
Thanks!
Thiago Duarte
@thiagotrader
thiago@duarteinvestmentgroup.com