PRO_Indicators

SPX / D1 : Out of gas, waiting for an EXIT confirmation...

FX:SPX500   S&P 500 Index
The setup here is very clear to me.. We're running out of fuel and the PRO SINEWAVE will soon plot the EXIT cycle that will terminate this bullish breakout pattern...
Once terminated the market will switch back to range / retracement mode. After such a rally (+30% with no breathing of more than 3%) we can easily expect the prices to retrace at least to 23,6%.
Eventually 38.2% if things deteriorate a bit more (Euro/China posing sanctions agains the tax plan for exemple).

BUT anyway the trend REMAINS BULLISH and after the corrective structure will be plotted on charts, it will be time to buy again for a final weekly impulse before reaching the end of the monthly cycle (and basically the long term economic cycle ).
Long term bullish , but now we could switch to weekly neutral/bear retracement mode. So there's no more room for buying here ! It's time to short, but with a plan and with caution as we're still on the very early stage.
It's only time to be prepared. Start acting for those who are agressive, placing alerts under supports for low risk profiles..

Hope this idea will inspire some of you ! I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Trade active: Took sooooo long to plot the actual signal...

Trading is activated. Finally Sinewave plotted a TP signal... less agressive than the expected exit... so I'll remain with leverage < 1. But I'm now short..
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