FX:SPX500   S&P 500 index of US listed shares
1211 64 10
Choose your level.
rebound seems to be holding up so far,,,,
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SP only making bigger waves.Real strong rezistence targeted by SP last friday and yesterday is in the range 2010,50-2016,50.Above this, the next level is at 2040.
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Traders need to understand that SP won't reverse until making"big waves"that will kill both buyers and sellers,cleaning the market before going down.
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001011001010001110110 001011001010001110110
I TP yesterday 1970 since was a bounce level for me,reentered back now at 2010 eith SL above 2016,50 wich is the top of my level.
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001011001010001110110 001011001010001110110
BTW yesterday SP broke Daily TL so the bounce is more than legit.
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001011001010001110110 001011001010001110110
Breaking the TL's is a institutionals strategy to push the market in the oposite direction of the breakout.On the breakout alot of liquidity enter the market in the direction of the breakout and smart money are allways using this liquidity to push it back to the top of the range.Nothing changed, this is another proof that SP is a " dead body" right now.The best entry was to wait for TL broken and to take SP down after the pullback.
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001011001010001110110 001011001010001110110
As i just did for the second time.SL above 1916,50.
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001011001010001110110 001011001010001110110
We still hanging around 61.8 ATH fibo.
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rgerritsen1 001011001010001110110
Ok, thanks! W'll see. Yesterday I was a bit worried about this movement. Let's hope if it will turn around here also in order of dates from bradley of 11th of March wich should be indicated major turns.
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