Unfortunately I missed the short trade after the entry annotated at the top because that green candle wick was my SL and due to holiday festivities I was not monitoring the charts to re-enter. However, this is my next position. Based on support and resistance confluences on the daily AND weekly charts, this is where I believe price will drop to. However, to avoid...
SPX 500 alert set, major level of historic support. if it makes a new lower low below this zone, SPX will likely crash. May continue to push back up for a while before dropping down below this level.
CPI drove up Gold as USD and the stock market plummeted due to higher than expected inflation. This is an ideal entry for me with a tight stop loss in case this news rally turns into a bull run. Long term, the rally lost steam with some long wicks in a long term daily zone of resistance so I am expecting this zone to hold up.
