Inorogu

Long SPX into the close

Long
CAPITALCOM:US500   US 500
Longing SPX here... It really looks ripe for a squeeze. The ADP numbers today showed a slowdown in the jobs... Usually it forecasts NFP so we might have some consolidation here also with big 4hRSI div and 1H until Friday. Tomorrow we have ISM which may come in as a surprise but let's see. I am really expecting some horrible numbers on NFP as White House came out and said there will be a slowdown in job growth. We'll see what works or what not. I have two positions in SPX..One taken at 3960 and the other at 3983. Both have the same SL and take profit. Please manage risk accordingly to your balance and take care out there. Market is gonna be very volatile as September kicks in. Good luck

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.