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ard3413
Sep 11, 2018 5:11 PM

SPX500, Monthly chart 

S&P 500 index of US listed sharesFXCM

Description

Just be prepared for sideways moves, pullback or some kind of correction.

I have no idea how much this trend can continue to the upside, but I'm sure this will pause in near future; so I'm preparing myself for that.
This does not mean that I won't trade to the upside, if I see a trade setup for upside, I will definitely put order, but I will take profit ASAP.

Comment

OK; do you remember this post ?
These days market is going down aggressively. What are the most probable scenarios?

Comment

1) keep going down to make a some kind of flat and reverse to upside to continue the overall larger trend

Comment

2) or that move was the last impulse to the upside in its degree and price is going to correction phase in a higher degree.

Comment

in both scenarios, you have to wait for a short opportunity based on your strategy, enter trade and take profit as soon as possible
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