/ES - SPX READY to BREAK OUT?

S&P 500 index of US listed sharesFXCM

Description

⋅ Apr 13, 2015 1:40 PM

Interesting setup for SPX on the daily time frame. Quite good odds for both short and long with with OK risk:reward ratio.

If you plan on going long on break-out, be careful of false break-out which SPX does quite often.

Comments

christian.langfors

⋅ Apr 13, 2015 1:52 PM

Another quite interesting detail is the declining bullish sentiment among traders (based on AAII.com data survey):
traders.fi/2015/04/traders-sentiment.html