S & P 500 cleanly responded to horizontal line 2738.6
Diupdate
The S & P 500, which has continued to raise for a long time, stopped raising before 2800.0 and then backed down.
Currently it is stopped by the horizontal line near the high price of last month.
Horizontal line 2738.6 is
1) Functioned as a support line.
Long until MPP 2768.0 long.(long if it can attack safely WPP 2762.1 long)
2) It does not function as a support line.
Wait for functioning as a resistance or wait for other resistance and follow with a short.
------------------------- <Legend> --------------------------
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo Line: Horizontal line or Trend line seen by weekly or monthly
Indigo fine wire: Horizontal line or Trend line seen by 4hourly or daily
Dotted dotted line: outstanding double zero
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
------------------------- <Legend> --------------------------
Currently it is stopped by the horizontal line near the high price of last month.
Horizontal line 2738.6 is
1) Functioned as a support line.
Long until MPP 2768.0 long.(long if it can attack safely WPP 2762.1 long)
2) It does not function as a support line.
Wait for functioning as a resistance or wait for other resistance and follow with a short.
------------------------- <Legend> --------------------------
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo Line: Horizontal line or Trend line seen by weekly or monthly
Indigo fine wire: Horizontal line or Trend line seen by 4hourly or daily
Dotted dotted line: outstanding double zero
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
------------------------- <Legend> --------------------------
Order dibatalkan
Although reflection succeeded, I could not trade without a signal.
Let's wait for the next opportunity.
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