Weekly $SPX Bullish Candle with Lower Volume and Lower RSI
Diupdate
2 weeks of Weekly long green candlesticks Suggested to hold Next week with small shape candle which will gives better idea of coming movement, expected volume to be lower on next week as its shorter week . we could see red candle too if there is newer headlines . I am watching RSI signal which will clarify the move by next week closing if break down the trend then its highly to be strong signal for selling and shorts also from otherside if break it up then it should have nice strong fast up run to make final TOP of this year (between 3400-3500) . If checked RSI during 1stQ 2018 , SPX still lower and could be peaked same what happened in 2018 (after that signals SPX run 4 weeks straight Up then the correction occurred by 10% drop from 285 to 255 and then closed the year more than 20% drop) so as risk/reward , bearish trade will be more likely than long run . if we followed the blue trend line we could see intersection at 1st week of July at 3125 which in range of 7-8% from current level .. MFI index going lower last 2 weeks showing that lower buying on current levels. For options trade i think its better to use combo strangle or others for long term strikes , once stochastic broken it will generate decent profit .. also can wait till end of next week and we will have better view ..
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Trading ditutup: target tercapai
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