Just re-posting this as my original post 12 hours back is hidden for including my Twitter handle! oops
I trade by identifying spot on daily turning point levels everyday for many instruments, including #SPX. Set price levels near these levels and trade when opportunity comes.
New to #tradingview. Will be providing my intraday levels for some of the instruments here on a daily basis, as I have done for some followers on twitter.
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#SPX #ES_F is over-extended. Yesterday's down move signals more down move to come. #NASDAQ $QQQ correction is clearer, and it should bring #SPX $SPY along with it. Bias is down below 3500, targeting 3454. Break of 3448 will bring 3420, which should cap low of day - low risk long level. Go long only above 3500, targeting 3520. 3535 will cap high of day - low risk short level.
Comment: Slight correction to the above. 3420 is a near term support. 3382.8 should be the cap of the lows instead.
Comment: 3454 (3448.5 in fact) hit and level holding for now. We might have a minor pullback now before further down.
Comment: 3448-3454 level holding and oversold. Better to re-short at higher price. Look for short entries at 3470
Comment: 3470 perfect entry. 7pts down move on 1 pt MAE
I trade by identifying spot on daily turning point levels everyday for many instruments, including #SPX. Set price levels near these levels and trade when opportunity comes.
New to #tradingview. Will be providing my intraday levels for some of the instruments here on a daily basis, as I have done for some followers on twitter.
-------------------------------------------------------------------------------------------------------------------------------------------------------------
#SPX #ES_F is over-extended. Yesterday's down move signals more down move to come. #NASDAQ $QQQ correction is clearer, and it should bring #SPX $SPY along with it. Bias is down below 3500, targeting 3454. Break of 3448 will bring 3420, which should cap low of day - low risk long level. Go long only above 3500, targeting 3520. 3535 will cap high of day - low risk short level.
Comment: Slight correction to the above. 3420 is a near term support. 3382.8 should be the cap of the lows instead.
Comment: 3454 (3448.5 in fact) hit and level holding for now. We might have a minor pullback now before further down.
Comment: 3448-3454 level holding and oversold. Better to re-short at higher price. Look for short entries at 3470
Comment: 3470 perfect entry. 7pts down move on 1 pt MAE
Join me for free on Patreon (www.patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan.
DM me to join my new group to learn all my trading levels and to trade together.
DM me to join my new group to learn all my trading levels and to trade together.