cozzamara

SPX some infos (H1)

OANDA:SPX500USD   Indice S&P 500
Hi Guys,

The move from A to B seen from a more distant perspective on the daily chart:
Since my post dated Jun 30 the Index has bounced on the supportive 200SMA and pushed up by the 50SMA. Click & Play the following chart to watch how daily candlesticks unfolded:
Considerations:
It is hard to tell if the bear rally started by the FED on March 23rd is finished.
The Index regained position above the 200SMA which supported the bull market for the past 10 years.

From (B) the S&P Futures Index dropped after the speaches made by ECB President Christine Lagarde on the 8th of June followed by FED President Jerome Powell two days later.

At the moment S&P Futures Index is coiling above 200SMA
Resistance at 3160 level
Support at 3000 level

Thank you for your support and for sharing your ideas.

Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.

IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
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