SPX 500 Updated Outlook
There is alot going on this chart so im happy to answer any questions you may have! Looking to take profit around 295 area, as you can see that is quite a bit of fib confluence in that are, however I will look for a structure breakdown Happy Trading!
Trade active
Hello Traders, still long like king kong here. My apologies but we were one wave off, however it does not change the gameplan. Still targeting 295, however we need to see 2900 taken out with some strength with a daily candle close above it. Happy trading!Note
today's and yesterday's price action has confirmed the bullish continuation we have been anticipating. So much talk about September being oone of the worst performing months for the stock marketNote
might just not be the case this year. Why anyone make trade decisions off of these trivial ideas really blows my mind. So many traders on TV are bearish, which makes me feel even better about the current setup. Happy TradingNote
Also just to update the above count, we seem to be in a wav2 of larger 3. Ignore the wave 4 above the current structure. We were one wave offTrade closed manually
I closed out 100% of my position today @292. The market is trying to go higher and could still poke above the ath, however Ive done well on this trade and do not want to get greedy. I wil post an update on my view tomorrow. I am still bullish longterm and just see this as a descent correction.
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