Long

Thanksgiving Thoughts on SPX

Updated

Holiday Idea: I spy a two bar pattern for the last two weeks; Piercing Candlestick Pattern. A slight pullback may be possible. Above this week's close, I will target the previous week's open/high. A caution is that I see this on the weekly chart near ATH. A flip would be a break and close below last week's candle (5850). If we gap down Monday due to the location of that close, I'll wait to see if we get back above 5850. So I'm resting and betting on my understanding.

Google Homework: piercing line candlestick pattern

Note

DAY chart view of levels

Note

Mon - Tues 1 hr

Trade closed: target reached

perfect trade

mommymiles

Mommy Miles :)

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