Expecting SPX to move its way up . It is currently going for the right leg of the W formation. It is at 50% of previous week retracement level. If this zone holds we are getting a good move up. If it breaks, wait for the retest on the downside for a sell. Expect a buy of the dip. once it reaches 50% to 61% of fib level (green suoport zone)
Trade closed: stop reached
It created second leg of W then failed to break
-BLKopalInvestments
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-BLKopalInvestments
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.