S&P 500 IndexShort
Likely Route For SPX
Good day and or evening my fellow traders and followers!
Hope you all have been on the right side of the tracks with your trades so far and are well into profits $$$
I want to share with you what I believe is the continued route for SPX on the Oanda platform.
Once price breaks 5493 area, we need to see if we break through 5435.1 area. Next route on hit list brings us down to the beginning of a wide buy zone starting at 5299.5 to 5177.8. This would be the area we could see bulls step up and buy into. As time will tell how that plays out and if there would be enough bull participation to stop the selling.
Let the higher TF charts guide away any confusion regarding direction to take , just stick to trend if you use trading to pay your bills. Trickle out profits in percentages of at least 25 or higher at each resistance area to ensure cashflow.
Until next time, best of luck in all your trades $$$.
Hope you all have been on the right side of the tracks with your trades so far and are well into profits $$$
I want to share with you what I believe is the continued route for SPX on the Oanda platform.
Once price breaks 5493 area, we need to see if we break through 5435.1 area. Next route on hit list brings us down to the beginning of a wide buy zone starting at 5299.5 to 5177.8. This would be the area we could see bulls step up and buy into. As time will tell how that plays out and if there would be enough bull participation to stop the selling.
Let the higher TF charts guide away any confusion regarding direction to take , just stick to trend if you use trading to pay your bills. Trickle out profits in percentages of at least 25 or higher at each resistance area to ensure cashflow.
Until next time, best of luck in all your trades $$$.
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