GOOD DAY EVERYONE...
HERE'S AN IDEA ON THE S&P500, U.S STOCKS OPENED LOWER TODAY PROBABLY DUE TO INVESTORS BEING CAUTIOUS WITH EVERYTHING HAPPENING IN THE U.S - COUNTRYWIDE PROTEST AND THOSE TENSIONS BETWEEN THE U.S AND BEIJING.
> ON FRIDAY U.S STOCKS FINISHED SLIGHTLY HIGHER AFTER PRESIDENT TRUMP ANNOUNCED AGAINST CHINA IN RESPONSE TO NEW LEGISLATION THAT WEREN'T THREATENING TO THE U.S ECONOMY AS INVESTORS HAD FEARED.
> US500 IS STILL TRADING IN THAT ASCENDING CHANNEL WE SEE A FORMATION OF A PENNANT, LOOKING AT TWO POSSIBLE SCENARIOS ON THE STOCK.
> IF WE BREAK ABOVE THE PENNANT LOOKING FOR LONGS ON THE STOCK AND A BREAK BELOW LOOKING FOR A RETEST OF SUPPORT LEVEL 2988.7
ENTRY - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING
HERE'S AN IDEA ON THE S&P500, U.S STOCKS OPENED LOWER TODAY PROBABLY DUE TO INVESTORS BEING CAUTIOUS WITH EVERYTHING HAPPENING IN THE U.S - COUNTRYWIDE PROTEST AND THOSE TENSIONS BETWEEN THE U.S AND BEIJING.
> ON FRIDAY U.S STOCKS FINISHED SLIGHTLY HIGHER AFTER PRESIDENT TRUMP ANNOUNCED AGAINST CHINA IN RESPONSE TO NEW LEGISLATION THAT WEREN'T THREATENING TO THE U.S ECONOMY AS INVESTORS HAD FEARED.
> US500 IS STILL TRADING IN THAT ASCENDING CHANNEL WE SEE A FORMATION OF A PENNANT, LOOKING AT TWO POSSIBLE SCENARIOS ON THE STOCK.
> IF WE BREAK ABOVE THE PENNANT LOOKING FOR LONGS ON THE STOCK AND A BREAK BELOW LOOKING FOR A RETEST OF SUPPORT LEVEL 2988.7
ENTRY - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING
Trade active
Trade closed: target reached
