NOT TRADING ADVICE
I see two scenarios at the moment.
1. Double Top which is pretty obvious from the chart.
2. Bullish Gartley around 2625-2627 (caveat, just learned about this advanced pattern)
Leaning toward SCENARIO 2.
REASONING
Yesterday's SPX500 Daily candle was bearish but not engulfing.
-We have also seen support coming in at 2625 recently.
-If we do come down to that support will consider going long depending on other factors such as MACD, RSI, etc. Depending on earnings and I believe FED meets tomorrow as well.
I see two scenarios at the moment.
1. Double Top which is pretty obvious from the chart.
2. Bullish Gartley around 2625-2627 (caveat, just learned about this advanced pattern)
Leaning toward SCENARIO 2.
REASONING
Yesterday's SPX500 Daily candle was bearish but not engulfing.
-We have also seen support coming in at 2625 recently.
-If we do come down to that support will consider going long depending on other factors such as MACD, RSI, etc. Depending on earnings and I believe FED meets tomorrow as well.
הערה
SCENARIO 2 INVALIDATED
We do look bullish. There is potential we could be heading into a bullish CYPHER pattern possibly as well. We will see.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.