Reversal pullback on S&P
Updated
TFW you go out to clear your mind and not think about all this, and come back home with a head full of ideas.
Stop loss is a little more than 1 week ATR & we aiming for at least that, so this should last a few weeks.
Minimum 10 days normally.
We are not going up on trade deal hope anymore and there has been bad news about expectations of weaker economy.
Irrational buyers are pausing. For now.
It is possible we go higher after this pullback I will post another idea.
Stop loss is a little more than 1 week ATR & we aiming for at least that, so this should last a few weeks.
Minimum 10 days normally.
We are not going up on trade deal hope anymore and there has been bad news about expectations of weaker economy.
Irrational buyers are pausing. For now.
It is possible we go higher after this pullback I will post another idea.
Note
Kept going higher but slower.Made a new idea, price could drop fast next 2 weeks.
Might depend on FAANG earnings. Either it rallies SL or just dumps.
Just please don't run to stops quickly then drop :D
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