Hallo
SPX bounced on 55 day EMA, last time it was 21 EMA on the 1 day chart, so this is going down big time soon, but for right now it is upwards.
Looking at 1 day chart it is difficult to see but there is Hidden Bullish Divergence on the 4 hour - just like last time with the 21 EMA bounce. Also is the beginning of a new month so a little money will be flowing in to the market.
I dont know where the top will be but there will be a little run up and then it will crash down.
Trade safe - ciao
SPX bounced on 55 day EMA, last time it was 21 EMA on the 1 day chart, so this is going down big time soon, but for right now it is upwards.
Looking at 1 day chart it is difficult to see but there is Hidden Bullish Divergence on the 4 hour - just like last time with the 21 EMA bounce. Also is the beginning of a new month so a little money will be flowing in to the market.
I dont know where the top will be but there will be a little run up and then it will crash down.
Trade safe - ciao
Trade closed: target reached:
Closed the deal - Going short on the SPX
Comment:
3710 open - 3842 close