SPX Relief Bounce
Updated
Bullish RSI divergence on the daily and many of the hourly indicators.
VIX on an extremely bearish RSI divergence on the daily too.
I think we'll see a bounce, which will look like a breakout out of the falling wedge, only to be crashed back down again.
There's still a gap at 4570 which you would expect to be filled too!
Not trading advise, just an idea.
My trading will revolve around this scenario however.
VIX on an extremely bearish RSI divergence on the daily too.
I think we'll see a bounce, which will look like a breakout out of the falling wedge, only to be crashed back down again.
There's still a gap at 4570 which you would expect to be filled too!
Not trading advise, just an idea.
My trading will revolve around this scenario however.
Trade closed: target reached
Caught the SL but if you held, well done.
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