IulianBondar
Long

SPX retracement may be under way!

FX:SPX500   S&P 500 Index
Pay close attention to today's US open!
We might see the market move up, and a retracement underway.
Important points to watch: 1888 - short-term trendline (4H) + 8 Daily SMA (which I mentioned in the previous post as a the downtrend's resistance line). Also yesterday's late price action could be a good trigger for a move up today (see related post)

If the market closes above this 8 daily SMA then look for a correction towards 1920 in the following days (week).

If you are interested in speculating this incumbent correction, better to place your stops just under 1840.

Good trading to you all!
Comment: Breakout confirmed - 1940 in sight.

Trade well!
Excellent call !! As the correction has started now, all we have to do is to be patient until the next bearish swing starts to develop.
Reply
Breakout to the upside confirmed!

1940 should be a decent shorting point.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out