tntsunrise
Short

SPX500 TESTING THE CHANNEL

FX:SPX500   S&P 500 Index
2242 9 83
SEEL SPX500            
WHEN price close belo 2083.60

When a Bearish Bar Closed below 2083.60
The overal bullish channel will be broken

TP1: 2036
TP2: 1968
Comment:
Comment: breaks down
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Hi, Jack,
Thank your chart. But I have questions:
1. why 2083.6 is a bearish bar? How can you get this nummer?
2.How can you get the two TP 2036 and 1968? (They are not 0.618 or 0.5.)

Thanks
Reply
Hi Jack!
Will SPX500 continue to drop in the coming week?
Thx a lot
Reply
Can you please give us update on the JPN224?
Reply
similar. this two are brothers.
Reply
Hi Jack, firstly thanks for all your posts, I've learnt a lot from you so far.

When you say a close below 2083.60 is that on a daily close, hourly or other?

Thanks,
Reply
gcplau baz43
baz43, since he had posted a daily chart above (D in the chart top legend represents Daily...) it's logical to relate to day close. Also, the word "close" can only be use in day, week, month because hours do not "close". That's how I comprehend.
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daily close
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plz, write when trade its active - Thx a lot
Reply
tntsunrise IliyanMihaylov
are you assuming that I am looking at the chart 24 hours? you can set an alarm in tradingview, when price cross down 2083.60, it will send you an email.
+3 Reply
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