$SPX BULLISH PATTERN FOR LONG POSITIONS TARGETING 3100

4 Ogo 2019

One of suggested ideas for coming days is market will re-bounce on some of head lines and Bounce can be extended to make new record at 3100 prior to 1st week of Sep as now they have more expectations about more cutting rates from FED which is good for stocks for short term.. RSI is heading down to the annual uptrend from Dec-2018 bottom if broken down then this scenario is canceled and you can forget about it .. (we will know during next week) . if RSI bounced above redline then high probability we will have new long run targeting 3100 .. i will add other idea for bearish pattern but lets see Monday-Tuesday trading then become more clear ...