We are printing a big reversal today. Not just a bullish pin bar , but a key reversal candlestick also.
So I'M quite sure that we printed the DCL last week.
We are running to new highs. This a low risk entry:
SL : 2034
TP : above the 2015 May high (2160-2170)
I would open only a partial position as tomorrow we might come back to 2055. I would add the other half of the position there. If price running away tomorrow without the 2055 pullback I woud add the other half at the break of 2084.
So I'M quite sure that we printed the DCL last week.
We are running to new highs. This a low risk entry:
SL : 2034
TP : above the 2015 May high (2160-2170)
I would open only a partial position as tomorrow we might come back to 2055. I would add the other half of the position there. If price running away tomorrow without the 2055 pullback I woud add the other half at the break of 2084.
Note
We broke above yesterday's high a few minutes ago.All the swing traders will be on the long side again from today.
Note
Looking forward to see a green candle today.SPX500 is in a bottoming process now.
Note
Don't touch the position. The US Govt will save the market....They were preparing for this. They will pull up by the close.
Note
Though we stopped out I see a reversal here so I will reenter into this position.We tagged the 200 EMA and bouncing from there.
It's simply too late in the daily cycle to print a lower low.
Going long again before the close.
Note
It seems we bottomed finally yesterday...We have a swing again ( price went above yesterday's high) We have the swing traders on our side now.
We just need the purple trendline to break and the techical traders will be with us.
It was a good decision to reenter yesterday...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.