BLACKBULL:SPX500   מדד S&P 500 ‏
The S&P has sold off tremendously this path month. Here price is displayed on the weekly timeframe. From this timeframe we can see that price bounced off a major support level and traded back up into a range. In this rains, it is a no trade zone until the levels are established with it being the last week of the month we can expect these levels to be hit sellside after a run for some liquidity to the buy side. A break and close the top blue line confirms a run on liquidity . We have quite a bit of the economic data coming out this week so that will predetermined on my exit positions, and entries for swing trades. Personally, I am waiting for another high high to liquidate some of my long-term positions on stocks I own.
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