Evening traders. Ive been watching the spx500 for quite sometime now. If you look and my chart the price has bounced off the trend line quite a few times. I was expecting to see price move in between both trendlines, squeeze and push either upwards or downwards.
As per my strategy my sell signals have triggered which are all highlighted in red. RED cloud formed. crossover. lagging span broke the cloud and price closed below cloud. However as you can see the highlighted yellow area the market has been volatile and could take an unsuspected upwards move. It could be a trap to trigger positions, push back to the lower trendline or even hit the cloud again and then hit lows at 3639 - 3548.
I am following my strategy though and I will be placing a trade in the next few days.
As always trade safe
cheers
As per my strategy my sell signals have triggered which are all highlighted in red. RED cloud formed. crossover. lagging span broke the cloud and price closed below cloud. However as you can see the highlighted yellow area the market has been volatile and could take an unsuspected upwards move. It could be a trap to trigger positions, push back to the lower trendline or even hit the cloud again and then hit lows at 3639 - 3548.
I am following my strategy though and I will be placing a trade in the next few days.
As always trade safe
cheers