ChartArt
Long

Buying the dip before Draghi announces more QE tomorrow

FX:SPX500   S&P 500 Index
90 0 3
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):

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:
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out