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KonradK1
Aug 3, 2019 10:59 AM

S&P 500 Long opportunity on the Daily Long

US SPX 500OANDA

Description

-Pullback this week presents good prices for investors to get back in with better prices
-Friday's selling showed relatively big amounts of volume suggesting panic selling
-The chart seems to be reacting to previous support areas which adds to the case of a bounce back or presents new opportunities for shorts if they're broken and hold
-RSI at ~26 suggesting its oversold


-Good R:R of over 2 using 3000 level as the next significant resistance, can take that as target 1 and play until previous highs for target 2
Comments
Bullandbeartrading
Safely trendline !
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