SPX is taking a turn. We should see a break to downside to at least the support area I plotted on the 4hr chart.
I will keep you posted as to how this price action plays out.
Keep your eyes on the daily and 4hr for better clarity.
Best of luck in all your trades.
I will keep you posted as to how this price action plays out.
Keep your eyes on the daily and 4hr for better clarity.
Best of luck in all your trades.
Comment:
Big money has spoken and at this time has decided to not quite reach my support area. With that more upside is on the horizon. Shorts are closed and I am waiting for more structure to form to prove to me that a continuation of the bull run is legit.
Once definite structure is formed on daily I will send out a new chart and alert.
Until next time trade safe and take profits along the way.
Once definite structure is formed on daily I will send out a new chart and alert.
Until next time trade safe and take profits along the way.
As one can see we continue our slide down towards the target area, more on this as we draw closer to the honey pot.
My hopes are for even more downside action but we will evaluate that once the first target area is reached.
Try and stay away from too much market news as this will not help your trades and will only steer you in the wrong mindset. Trust your bigger timeframe charts for clarity as 90% of the time they are spot on. If for some reason things are not working in your favor , get out and review what might be happening. Remember you can always jump back in if the market was using trickery to fool you out of a position. (Happens all the time).
Until my next follow up..... Best of luck in all your trades.