S&P 500 - Buying at the end of the 5th wave lower

FX:SPX500   S&P 500 Index
Trade Idea

The rally has posted an exhaustion count on the weekly chart.
Broke the sequence of 6 negative daily performances.
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
A break of bespoke support at 2799, and the move lower is already underway.
The bias remains mildly bullish but there is scope for a move in either direction at the open.
Preferred trade is to buy on dips.

Entry: 2725
Stop: 2705
Target 1: 2914
Target 2: 2930

FREE Telegram Group -
Premium Membership -


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out