FX:SPX500   S&P 500 index of US listed shares
85 0 1
Hey guys
Just posting my quick thoughts on spx500            
Weekly:
Bullish Ichimoku . Strong momentum to the upside. So , I am not surprised with move to the upside. Macd has bullish hook and rising. But divergence can be seen in momentum however
Daily:
Bullish Ichimoku . Prices is above red resistance line . If you are not long, dont chase it now. If you are long, trail ur             stops. FED meeting is this week. Worth noting is Kijun on daily is far from price . What does that mean? We have two options: Either price pulls back or we consolidate in time untill kijun do some catching. But this week will be volatile. VXX             took a lot of beating in few weeks and I expect it to pullback. So, I expect a pullback here. Time will tell how deep of a pullback. If we pullback and consolidate around breakout zone, then I'll consider long again.
Happy trading this week to you all....
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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 Billing Sign Out