ChartArt
Long

Buying the dip before Draghi announces more QE tomorrow

FX:SPX500   S&P 500 index of US listed shares
90 0 3
a year ago
Two reasons to long the falling knife:

a) Draghi speech on Thursday (tomorrow), is expected to be bullish for the market, at least the EU-market
b) The price sits currently nicely on the DeMark monthly and weekly pivots

Entry: 2079
Stop Loss: 2067
Target: 2100

15 minutes chart of the potential bottom (16 minutes before the close):
snapshot

a year ago
Comment: First the price went higher as I had expected, up to 2096.5, close to my 2100 target. Then the Draghi speech disappointed and I closed my long at 2085 and went short:

First posted this chart (below) to capture the price still being high near my short entry and then I posted this update:
Draghi speech disappoints, new direction is down
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out