Hey Traders and Followers! SPX is going up!
Sounds crazy despite the tariff news floating around but charts never lie.
Here's what we got on the weekly SPX/USD; We have a bottoming W pattern. What's that mean? We going higher people.
5690.7 is the beakline area, price above invites bulls to a party.
Target for this long is at 6198.9 area. Support sits at 5579.4 for this one.
I'm letting you know about this party so up to you if you want to have a good time. See you all there with bells on and cash for all $ for those who show up.
Best of luck in all your trades $
Cheers!
Sounds crazy despite the tariff news floating around but charts never lie.
Here's what we got on the weekly SPX/USD; We have a bottoming W pattern. What's that mean? We going higher people.
5690.7 is the beakline area, price above invites bulls to a party.
Target for this long is at 6198.9 area. Support sits at 5579.4 for this one.
I'm letting you know about this party so up to you if you want to have a good time. See you all there with bells on and cash for all $ for those who show up.
Best of luck in all your trades $
Cheers!
Trade active
Look's like price could be stalling some as the price action could be running out of gas. Good idea to take 50% profits off the table here.Have a trailing stop in place below the 20ma or use the parabolic sar for stop location on 15min chart for example, what ever best suits your risk tolerance.
Tomorrow should paint a better picture if the bull party ends or continues.
Trade closed manually
Price action rolling over by looks of things on 4hr and 1hr so. taking my profits and running $$$ If I see another buy opp on both 4hr and 1hr I will take it and continue to strive to meet original target. More on this later... Overall Bigger TF's still on the bull side so far. When the market gives us money we take it on any sign of possible reversal then wait for another buy opp when the market tells us to buy since higher TF's point to bull.Note
Back in the saddle again. Long position is golden once again. Looking for original target of 6198.9 . Use parabolic sar or below 20ma on 1hr chart for stoploss and trailing stop along the ride up. 
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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.