Just back from vacation & hope everyone had a great holiday! I will still long spx500. I could be a "W" bottom and eventually break thru the trend line. I will start building my long position. Stop loss when it falls blow the lowest price around 2322.
A hammer candlestick formed today at 2350 resistance. I think its bullish and will long SPY tomorrow. I am expecting SPY to break thru the downward trend line.
Im still waiting for SPX telling me which direction its going. Let's see in the next few days.
Next week I am expecting SPX gonna challenge the downward trend line. Resistance 2362.3 / 2370.2. I will long if SPX break thru the trend line & short if SPX falls down from there.