S&P 500: Rising into Bearish Territory
S&P 500 testing previous support area with a rising wedge, after breaking it the week before Christmas. The Index is also approaching closely the 61,8% level of the leg from previous resistance down to previous low. Moreover, the TD Sell Setup completes today right under the open price of the candle that started previous TD Buy Setup. RSI testing the previous TL from beneath, still staying in corrective territory little over the 50 mark.
Trade active
Entry: 2641,3Trade closed: stop reached
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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.