SPX had a clean break and retest of its ascending wedge last week. It was a strong move back up off of 5850, but it rejected on the retest. Range is now from 5,850 to ATH.
Looking to see if bulls can reclaim that trendline or not. For now I'd be bullish above 5,850 and bearish below. Downside target would be the election gap fill and/or the previous ATH around 5,669. We're still near ATH so that will continue to be the upside target. Long confirmation would come if it reclaimed the wedge + the descending trendline above.
Looking to see if bulls can reclaim that trendline or not. For now I'd be bullish above 5,850 and bearish below. Downside target would be the election gap fill and/or the previous ATH around 5,669. We're still near ATH so that will continue to be the upside target. Long confirmation would come if it reclaimed the wedge + the descending trendline above.
You reap what you sow.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Pubblicazioni correlate
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.