IulianBondar
Long

SPX retracement may be under way!

FX:SPX500   S&P 500 index of US listed shares
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!
Breakout to the upside confirmed!

1940 should be a decent shorting point.
Reply
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
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out