A lot of FUD from the FED meeting today. However, this was an important week for the SPX and markets. Everything has already been priced in.
The SPX has now printed a bullish engulfing on the 4h. Although not as powerful as others I have seen, it is still a bullish sign.
In my opinion, we are in the process to create an inverted head and shoulder.
It is now forming the right shoulder.
The retracement was precisely at 50% of the previous wave cycle, and it has also stopped at the end of wave 4 of the last cycle.
I am now expecting a good bounce from here with this nothing burger news from the feds today.
The following month should be good, eyeing 5130 as a target setting a new ATH.
Remember, markets can always turn, and I can be dead wrong, so I will place a nice stop loss to protect my eventually sorry ass.
Although sharing ideas, bullish, bearish, and targets the crucial component of a successful trader, it is a perfect risk management strategy...so do not sleep on it and educate yourself.
FOLLOW ME, SHARE, LIKE AND COMMENT
The SPX has now printed a bullish engulfing on the 4h. Although not as powerful as others I have seen, it is still a bullish sign.
In my opinion, we are in the process to create an inverted head and shoulder.
It is now forming the right shoulder.
The retracement was precisely at 50% of the previous wave cycle, and it has also stopped at the end of wave 4 of the last cycle.
I am now expecting a good bounce from here with this nothing burger news from the feds today.
The following month should be good, eyeing 5130 as a target setting a new ATH.
Remember, markets can always turn, and I can be dead wrong, so I will place a nice stop loss to protect my eventually sorry ass.
Although sharing ideas, bullish, bearish, and targets the crucial component of a successful trader, it is a perfect risk management strategy...so do not sleep on it and educate yourself.
FOLLOW ME, SHARE, LIKE AND COMMENT
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.