AaronSLuce

SPX500 - Dip Buying Opportunity

Long
OANDA:SPX500USD   S&P 500 Index
S&P500 - We have seen a sharp sell off since the third drive into these highs, due to the lack of fundamentals for this, I assume this is profit taking. Diving down onto lower timeframe to see if we have more upside or downside for stocks.

15 Minute - We have seen a lack of fundamentals this week which has caused some choppiness, which we can see here on the S&P. Smartest way to approach equities is buying the dips, in terms of probability this is the way to trade them. Breaking out of this trendline, now retesting, you can enter longs here or if you want to be patient, wait for a break of our zone.

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