mortdiggiddy

Long Back to 2018 ATH

Long
mortdiggiddy Updated   
FX:SPX500   S&P 500 Index
After the short triggered from the previous resistance at the 2018 ATH, I am adding small longs at this position and down to the 50 Week / 200 D SMA. $SPY $QQQ $TLT $IWM $VXX $UVXY $DXY
Comment:
The target will be updated in the following sessions, I am looking to long to the Daily ATR Trailing Stop that is just below the 2018 ATH in response to this Weekly ATR Trailing Stop tag.
Comment:
Bouncing
Comment:
Comment:
Dow futures showing similar setup. Note that only ES and NQ (SPX and NDX futures) made new ATHs. Dow just missed the mark.
Trade closed: target reached:
Taking some profit at $2850.
Comment:
DJI 200 DMA holding it up, as well as confluence of other support.
Comment:
Nasdaq futures breaking out on volume. Target shown above at Daily ATR Stop. ES Target 2900-2920 remains.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.