Currently SPX is reach a strong res level. From current price reaction it's failed to break current level and also it's reach Bearish BAT Pattern entry point. Feel free to enter short position. Let's see what Non-Farm brings to us.
Currently spx500 already break the structure, we can wait retest 2570~2572 structure and short from here. The 4H chart gives us a clear reverse entry point for bullish entry around 2549~2550 area. patiently wait the opportunity, hold the short position till 2550 and see if we can enter long position.
SPX has been reject by psycho res 2500 multiple day and it has complete a bearish butterfly pattern. Enter short position @1.27 fib ext level. SL @ 1.414 @ 2506, (You can have a tight sl around 2500~2502) TP are showing on chart
1. If the price reject by the structure around 2453.8, we can directly open short position
2. A potential Gartley Pattern suggested a better short entry. We can wait and see the price reaction around that area.
TP are provided for both plan
Everyone now go into hyper about the stock market, but to me, it's still in the upper trend channel. Will wait for the confirmation and into short position.
SL: 2465 (psyco)