if you have traded my previous SPX-LONGTRADE you should consider to take profits.
The market is testing a round number of 3.800 right at ten upper Trendline. The FOREX-MARKET is currently pricing in a risk-off-scenario with a rising DXY (US-DOLLAR) and falling AUD and NZD.
We see a divergence in stocks and Forex which is never a good sign.
KEEP IN MIND that we will get to see the Non-Farm-Payrolls tomorrow.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
LOL biggest single warning indicator: Technical Rating meter on the tv splash page for SPX says "Strong Buy"!
IME ithis meter has always been pegged just before the break. probly next week IMO
abel11
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Thank you. Always appreciate the insight.
Investroy
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Great idea! But to be honest I’m even more impressed with the chart; gives out some sci-fi movie vibes 👍🏼
Dave-FX-Hunter
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I think its sitll bullish
Trading2ez
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@DaweFXHunter, it is - I just say its good to take profits now from my previous long =)
IME ithis meter has always been pegged just before the break. probly next week IMO