I looking to buy the spx on pullbacks next week and these are the current levels I am looking at,
1st 1693 former resistance could turn into support to launch this market higher,
2nd 1688 to 1685 a zone of support,
3rd 1679,
4th 1673 to 1671 another zone of support.
Alt - if price keeps heading higher I will trail my fib and look to enter at the 0.125 and 0.236 fib levels, in a fast moving market these levels can act as support to continue the rally.
Alt - The 78.6% from fomc high to low is at 1715.4, price could head up to it before having a pullback. If price break this level, it would not surprise me if the fomc highs were tested next week.
On all trades I will put my stop below the low of the level I enter and move stop to BE asp.
1st 1693 former resistance could turn into support to launch this market higher,
2nd 1688 to 1685 a zone of support,
3rd 1679,
4th 1673 to 1671 another zone of support.
Alt - if price keeps heading higher I will trail my fib and look to enter at the 0.125 and 0.236 fib levels, in a fast moving market these levels can act as support to continue the rally.
Alt - The 78.6% from fomc high to low is at 1715.4, price could head up to it before having a pullback. If price break this level, it would not surprise me if the fomc highs were tested next week.
On all trades I will put my stop below the low of the level I enter and move stop to BE asp.
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.
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.