S&P500 - Was this already the all time high?

22 Jul

SPX is still massively bullish on the smaller timeframes despite retesting strong resistance.



Sometimes trading can be soo simple but yet rewarding. You simply have to buy the S&P500 at support and sell your position at resistance. At the moment, the S&P500 is once again retesting a resistance trendline, which has been pushing price lower for more than 14 years and there is just an extraordinary high chance that we will again see a rejection. Don't say I did't warn you!

Levels to watch: $5.600, $4.800

Keep your long term vision,
Philip - BasicTrading