spx500 did a clean double top which led to a minor pull back in price.
rejecting the monthly high we se price is bouncing back up.
we are still in a big 4hr inverse heads and shoulder which is very bullish !!
failing to make a lower low below the neckline (yellow trendline) buy
if price breaks the falling channel (grey trend lines) buy!
if price breaks above the 4hr high buy!
potential buy setups:
short term:
en 4205 buy the break
sl 4200
tp1 4211
tp2 4216
tp3 4220
not looking to sell. watch 4200, and 4194 if price ever come back to these levels then we can change our short bullish bias to bearish. as of right now spx is will be bullish if it closes above to 50ma on the hourly
(1st entry) for inverse heads and shoulders: (buy)
en 4187
sl moved into PROFIT!
max tp 4300
rejecting the monthly high we se price is bouncing back up.
we are still in a big 4hr inverse heads and shoulder which is very bullish !!
failing to make a lower low below the neckline (yellow trendline) buy
if price breaks the falling channel (grey trend lines) buy!
if price breaks above the 4hr high buy!
potential buy setups:
short term:
en 4205 buy the break
sl 4200
tp1 4211
tp2 4216
tp3 4220
not looking to sell. watch 4200, and 4194 if price ever come back to these levels then we can change our short bullish bias to bearish. as of right now spx is will be bullish if it closes above to 50ma on the hourly
(1st entry) for inverse heads and shoulders: (buy)
en 4187
sl moved into PROFIT!
max tp 4300