Half way down? Here is a plan to trade it
Updated
SPX did a nice move down. Now the market is to decide its furtner move.
There are two options
1) consolidate before continue to going down (plan A). Slow movements down and short up within a limited range will be a sell singnal.
2) in the next few hours it will continue to go up. Wait for a short 15m consolidation above current levels for a buy signal
My inclination is to A. Let's see
There are two options
1) consolidate before continue to going down (plan A). Slow movements down and short up within a limited range will be a sell singnal.
2) in the next few hours it will continue to go up. Wait for a short 15m consolidation above current levels for a buy signal
My inclination is to A. Let's see
Trade active
Plan A (short) activated. Short consolidation and following break of the structure.Target 3600Note
Bigger consolidation to 3666 is possible, but his doesn't change the short trade planNote
Trade still active. It took more time for consolidation before going down. Plan A still.
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