FX:SPX500   S&P 500 index of US listed shares
690 5 8
Just pure logic, no complicated analysis.
After today's strong rally bulls could continue trying to break the key level shown on chart.
IF this level is broken they can gain confidence and start another rally tomorrow.
Just in case i will pull buy stop orders ABOVE the level shown on chart.
We could have one more leg down for sure. In that case nothing happened, i will follow my long term plan.
Regards
UPDATE: entry triggered before NY session, lets see.
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Resistance @1955 and S&P500 is testing it for the 3rd time. A view besides trading the breakout is to trade the wedge. Set SL to 21 MA or 50 MA.
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I agree with you. Regards.
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The tweet from Tradingview refers to SPX500-H1 - what does H1 mean?
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H1=hourly timeframe
Regards.
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