Dear traders,
yesterday the 2120 level was not holdable by bulls so at the end of the day we had SPX500 printing an Evening Star.
Of course my recommendation is NOT to sell this kind of market, for to me that is a buy only one.
If you are long SPX500 you may consider taking your profit as a pullback is coming.
If you are out of this market, then you have just to wait for a resistive candle to enter long at a bargain price.
PS: Same story on US30.
Cheers
R
yesterday the 2120 level was not holdable by bulls so at the end of the day we had SPX500 printing an Evening Star.
Of course my recommendation is NOT to sell this kind of market, for to me that is a buy only one.
If you are long SPX500 you may consider taking your profit as a pullback is coming.
If you are out of this market, then you have just to wait for a resistive candle to enter long at a bargain price.
PS: Same story on US30.
Cheers
R