BLACKBULL:SPX500   S&P 500 Index
The S&P has sold off tremendously this path month. Here price is displayed on the weekly timeframe. From this timeframe we can see that price bounced off a major support level and traded back up into a range. In this rains, it is a no trade zone until the levels are established with it being the last week of the month we can expect these levels to be hit sellside after a run for some liquidity to the buy side. A break and close the top blue line confirms a run on liquidity . We have quite a bit of the economic data coming out this week so that will predetermined on my exit positions, and entries for swing trades. Personally, I am waiting for another high high to liquidate some of my long-term positions on stocks I own.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.