SPX setup 9/23/22
Updated
Looking for a retracement at this area for rejection and continuation.
No reason for us to move higher than this but if we do the A/S range left a FVG, an -OB, TDO, and the daily open as supply.
Going to be waiting for the times & sales to show the entry. The pass few days NAS has shown all the order flow except for the afternoon entry on SPX.
Projected low from daily fib level
End of the week so the risk will be reduced and no trades will be at a risk of more than 0.25% for the total of all trades entered.
No reason for us to move higher than this but if we do the A/S range left a FVG, an -OB, TDO, and the daily open as supply.
Going to be waiting for the times & sales to show the entry. The pass few days NAS has shown all the order flow except for the afternoon entry on SPX.
Projected low from daily fib level
End of the week so the risk will be reduced and no trades will be at a risk of more than 0.25% for the total of all trades entered.
Trade active
3720.40 entry SL at BEComment
Partial closed at the low holding the restComment
40K hit the Ask @ 3704.98 and 19k @3704.23 so continuation confirmed
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.