Swarnendu_Mitra

SPX early signs of trend reversal once again

Long
Swarnendu_Mitra Updated   
TVC:SPX   S&P 500 Index
SPX buy here and dips up to 3940 with Stop and Reverse sustaining below 3940 to recover loss.

Confirmation sustaining above 4040.

Initial targets 4100-4150 to make position free of cost.

Sustaining above T-2, increase target to 5000. Positional..
Trade active:
T1 done swiftly.
Lets increase target to 4200+
Trade active:
One target done, second target done in Fut, not counting that.
Can add back booked long here, with Stop and reverse at 3886.
Trade active:
Buy call given at 3923.

Stop and reverse now today's low, and if that triggers then stop and reverse will be today's high.
Trade active:
Move Stop Loss to cost (3923).
Close trade if Stop loss hits.

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.