Assuming the market really is in profit taking mode or distribution phase we can aim for a 1:2 risk to reward trade in anticipation of the S&P correcting down to a more attractive level for bulls to step in
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.
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.