TheAnonymousBanker

S&P 500 (CFD): Corrective Structure in Short Term?

Short
OANDA:SPX500USD   S&P 500 Index
On 1H chart the trend is bullish, but even if it wanted to develop a bullish impulsive structure (i-ii-iii-iv-v), in short term, it would have to trigger a corrective structure (ABC Pattern, for example) with a Target around $4,100.

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Trade closed: target reached:
Target 1 hit
Comment:
intraday support...
Comment:
Trade closed: target reached:
During yesterday's session, our setup also reached Target 2 confirming the short-term bearish structure. With that in mind, very important US data is expected tomorrow despite Wall Street being closed, so be careful with your strategy choices.

Comment:
Head and Shoulders Inverted (bullish) or bearish continuation structure on 1H chart.

Comment:
Although the expected pullback was corrected, it did not reach 4.089 and thus did not form the "Right Shoulder".
Comment:
Futures
Comment:
Trade closed: target reached:
Bullis Target 1 Hit! โค

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By Anonymous Banker
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