ChartArt
Long

Buying the dip before Draghi announces more QE tomorrow

FX:SPX500   S&P 500 index of US listed shares
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):
snapshot

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
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