SP500 climbed up with stairs and is going down by elevator !!
Updated
Hello my friends!!! It`s been a hell of a ride these weeks right?? I hope that u are doing well. Today i will show some intraday idea for SP futures. After a flash crash on the Brent oil futures of more than 30% in a bunch of seconds, we have lost the local bottom on 2855, and than a huge pivotal movement started its course. Our traditional moving averages are mapping this trend for us quite well. If you are thinking about a position trade, I would rather wait for a daily close under 2855, then look for our targets which will be the 61,8% of the pink retracement on 1W chart, ma200 on 1W and the 61,8% pivot target on 2520 (H1 chart).
Feel free to comment and hit the like buttom guys, your support is always appreciated!! Enjoy your trades!!
Feel free to comment and hit the like buttom guys, your support is always appreciated!! Enjoy your trades!!
Note
Hello guys!! I hope that you are having a good sunday!! As you can see, all targets were reached. It seems like Market will test some upward levels. Later I will post another idea covering this movement. Enjoy your day my fellows.
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