Stops above last local highs. Let's see how they evolve. Targets are blue boxes. Entry in light red, stops at hard red.
Note
Ok, the entry point was too early. I'm trying to model a new possible reentry on this pattern. Stops hold the action for now. Let's see how DOW evolves too.
Note
Short again at 2774, same stops. Low volume rally might indicate it is really hard for the index to break that previous high on 26th feb. Let's see how next week develops. Remember to place your stops accordingly since we are dealing with high risk here, it is against the major trend.
Trade closed: stop reached
Stopped out, wrong call. Time to re-analize and wait for a new idea on this market.
Note
How funny, it just triggered my stops and then went down. Bad timing. Well played, S&P, well played.
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.