SPXU long trend for short term bounce play
Looking very similar to Dow with even longer standing uptrend that is currently testing a bounce.
Check out levels compared to last time at this level and what price action followed.
Again I will be hedging this short term *week or less while picking up shares in the index at a fair price.
Will update! thanks for the support greatly and good luck trading
30m Bars for up close action sirs and maams . best.
Here is the SDOW chart for reference > https://www.tradingview.com/chart/SDOW/R...
15m Update Chart. Please note blue zone RSI highlighted from 4h
Just speculating .. gored broken legged bear over here; waiting for the bulls to ease up ! Good luck everyone