S&P 500 Attempt to Test Previous High
The Monthly S&P is overbought and at a 9 TD Sequential Sell signal, that is why the market pulled back. The Daily after the pullback has found buyers at previous breakout resistance turned support (Change of Polarity). The Weekly has relieved the overbought condition and I believe this is the point where bulls will see if they can continue the bull market. On the Daily chart I show something like a 5-8% profit potential to the next Falling
Window resistance area and high. The Daily TD Sequential has a green 2>1 allowing for a new long position. This is happening on a breakout of the Falling Window resistance. The 39 minute chart (10 Daily candles on U.S. stock market) shows a close above EMA 200 followed by the previous candle closing above the Window resistance. You can use this to open a new long position with a stop loss below the low of the window.
Window resistance area and high. The Daily TD Sequential has a green 2>1 allowing for a new long position. This is happening on a breakout of the Falling Window resistance. The 39 minute chart (10 Daily candles on U.S. stock market) shows a close above EMA 200 followed by the previous candle closing above the Window resistance. You can use this to open a new long position with a stop loss below the low of the window.
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It's totally shortable right here:
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