SPX Triangle formation with RSI double bottom divergence

Swarnendu_Mitra Updated   
TVC:SPX   S&P 500 Index
SPX go long with SL daily RSI close below 31.45.

We are seeing a running Triangle formation with Bullish Divergence in Daily and Weekly RSI.
Confirmation is too far away, so need to enter here to make it a good RR trade.
Low risk traders can enter here with SL, new low in daily RSI below 31.45.
High Risk traders can have a bigger SL, new low in Weekly RSI below 30.21.
Trade active:
Updated SL for long, daily RSI-14 close below 31.59 for low risk traders.
For high risk traders, SL remains same, Weekly RSI-14 close below 30.21 (tomorrow close).
If Weekly SL remains intact, will update modified targets and path.
Trade active:
Stay cautious in 3830-3960 zone. Once trading above this, ATH coming.
No change in SL, Weekly RSI close below 30.21.
Trade active:
Move SL at cost (3749) and enjoy the ups and downs. Will update if I see any further development..
Trade closed manually:
As feared, 3830-3960 zone proved tough to breach.
Close trade, new low coming.


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