S&P500 Index fighting for support at top end cloud chart levels!
S&P500 Index fighting for support at top end cloud chart levels!
After becoming well extended from the top end of the cloud the S&P500 finally corrected back down to key cloud chart support levels. Index need to remain above the bottom end of the cloud to stay in a bullish outlook. Any price action below the cloud will change the outlook from bullish to bearish! Trades on different time frames are discussed in this clip. Happy cloud chart trading. Regards Richard.
After becoming well extended from the top end of the cloud the S&P500 finally corrected back down to key cloud chart support levels. Index need to remain above the bottom end of the cloud to stay in a bullish outlook. Any price action below the cloud will change the outlook from bullish to bearish! Trades on different time frames are discussed in this clip. Happy cloud chart trading. Regards Richard.
