The Moving averages 90 & 50 crossed eachother in the longterm chart and generated a possible sell signal in the S & P 500 for the first time since the financial crisis . The last time that happened, the S&P 500 crashed massively.
Is that Szenario a blueprint for opening a shortposition?
Although the the SMAs crossed eachother, something is different to the history: The Market is not trading below These mentioned SMA`s!
I see 2 longterm Szenarios:
1.) Trying to catch the possible procyclical breakout-move. This Szenario is given, when the market is traded above the last Highs ~2125.
2.) Trying to catch the Break of the Uptrend. This Szenario is active, if the market is traded below the last significant Low @ 1850. The Minimum TP of this trade could be the old breakout Zone, based round about the 38,2 fibo retracement @ 1.550
The wide range between 1.850-2.125 seems to be neutral...
In my Chart i illustrate the two mentioned positions.
Good luck!
Is that Szenario a blueprint for opening a shortposition?
Although the the SMAs crossed eachother, something is different to the history: The Market is not trading below These mentioned SMA`s!
I see 2 longterm Szenarios:
1.) Trying to catch the possible procyclical breakout-move. This Szenario is given, when the market is traded above the last Highs ~2125.
2.) Trying to catch the Break of the Uptrend. This Szenario is active, if the market is traded below the last significant Low @ 1850. The Minimum TP of this trade could be the old breakout Zone, based round about the 38,2 fibo retracement @ 1.550
The wide range between 1.850-2.125 seems to be neutral...
In my Chart i illustrate the two mentioned positions.
Good luck!
Trade active:
The mega Breakout trade is active :-)
