Hello, current price´s seem to make up for a good swing trade with entry at current prices and a Target of the red Curve. All in all i expect sideway trading for spx for like 1-2 years as interestrate are rising. I dont expect a hard crash except a World War starts.
Risk/Reward ratio is good if one uses close stoploss. If this happens to fail and trigger my sl it will my low loss while the upside is "alot" Im aiming a 5:1 Risk Reward Ratio for basically all my trades. Day Trading is risky, so be careful.
Stoploss: 4143 Entry: Current Price
Target: 5300+
Always DYOR!
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im assuming we will form another of these V shaped patterns
Trade closed: stop reached
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was worth a try but got stopped, looking forward to long again.
if using no leverage this is likely buy the dip opportunity still.