ogdabber

If thru 5ma, 20ma must hold or 50ma PT

Short
OANDA:SPX500USD   S&P 500 Index
Simple setup... exhaustive move in broadening wedge, likely retesting support early Monday... if too many complacent buyers are leveraged too much, then may liquidate to 20ma... should be decent buy zone here but must reverse promptly, or else 50ma is next target. Need to see more bullish confirmation, or else likely selloff... see my other chart for simple, bullish longterm view. This is only for potential intermediate “correction” cycle.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.