👁️ OUTLOOK
5hr chart:
30m chart:
Context 5hr: Price is breaking bullish and currently reaccumulating. Price is still above the 10,50,200emas which is a good sign. We can see a deeper re-accumulation/pullback into the 10ema at the beginning of the week. Price can also maybe even pullback to the 50ema, still early in the week but as long as price stays above the 10ema I will be looking for longs.
Validation 30m: Last week we had a very bullish week, Thursday we had a pullback under the 10ema and 50ema, Friday we showed some bullishness and strength. Price to me looks like it wants to break 5327.3 area (last weeks high) Price is currently above the 50-200emas but under the 10ema, if price shows money coming in then I will happily look for longs on SPX500 and follow it long inside the 5m chart.
Analysis summary: Bullish, looking for longs this week. Price just needs to show me a bit more strength and trade above the 10ema before I look for longs throughout the week.
Good luck this week! Follow your trading plan/rules!
5hr chart:
Context 5hr: Price is breaking bullish and currently reaccumulating. Price is still above the 10,50,200emas which is a good sign. We can see a deeper re-accumulation/pullback into the 10ema at the beginning of the week. Price can also maybe even pullback to the 50ema, still early in the week but as long as price stays above the 10ema I will be looking for longs.
Validation 30m: Last week we had a very bullish week, Thursday we had a pullback under the 10ema and 50ema, Friday we showed some bullishness and strength. Price to me looks like it wants to break 5327.3 area (last weeks high) Price is currently above the 50-200emas but under the 10ema, if price shows money coming in then I will happily look for longs on SPX500 and follow it long inside the 5m chart.
Analysis summary: Bullish, looking for longs this week. Price just needs to show me a bit more strength and trade above the 10ema before I look for longs throughout the week.
Good luck this week! Follow your trading plan/rules!
1m chart:
Entry: took a trade on SPX and got a nice +3, expecting price to continue bullish for more entry opportunities