TLDR...or TLDW ;)
If SPX holds above the 20 EMA and reclaims that short-term uptrend, this could have been just be another orderly pullback in a rising market.
If it crosses back under the 20 EMA and closes below, I’d watch for a move toward the 50 SMA (about 6,255).
My stocks, the indices (Dow, Nasdaq, SPX), were met with buyers midday, and even if we roll over, that is expected.
My hourly charts on my trading list do show potential setups for my retest strategy (similar to how you'd trade a pullback on a run up), and I'd like to see the market follow through with weakness as a whole.
So we wait.
Cheers,
Emanuela
If SPX holds above the 20 EMA and reclaims that short-term uptrend, this could have been just be another orderly pullback in a rising market.
If it crosses back under the 20 EMA and closes below, I’d watch for a move toward the 50 SMA (about 6,255).
My stocks, the indices (Dow, Nasdaq, SPX), were met with buyers midday, and even if we roll over, that is expected.
My hourly charts on my trading list do show potential setups for my retest strategy (similar to how you'd trade a pullback on a run up), and I'd like to see the market follow through with weakness as a whole.
So we wait.
Cheers,
Emanuela
Сделка активна
Buyers are not relenting this morning, stepping in each time the price tries to go down. But they are not rushing in either. Both indices and my stocks (my trading list) are flat, signaling indecision.BTW, the video above is for SPX not UPST, it's marked incorrectly.
Сделка закрыта: достигнута тейк-профит цена
Friday's momentum could be the start of another leg up, closing this for now. Cheers!
Emanuela | thetraderreset.com
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.
Emanuela | thetraderreset.com
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.