tom.bloomfield
Long

Turnaround in S&P500?

FX:SPX500   S&P 500 Index
Now at lower parallel of uptrending daily pitchfork .

Also at lower quartile of downtrending fork.

Stop loss calculated using 9month ATR, target at median line for 3:3 risk-reward.
Great, you can go with a tighter stop I think. But that should be safe.
Reply
tom.bloomfield IvanLabrie
Not my best idea, but it was worth a punt, right?! :)
Reply
IvanLabrie tom.bloomfield
Ha!
Tell me about it.
I went short today,luckily had an nzdjpy and nzdusd short going since last night.
Let's sell the retrace now.
Reply
tom.bloomfield IvanLabrie
Good work! While on the topic, here's the monthly chart which called support with pin-point precision!

Reply
IvanLabrie tom.bloomfield
Nice!
I think it'll retrace a bit and you can short towards the median line in no time.
Reply
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