TLDR...or TLDW ;)
If SPX holds above the 20 EMA and reclaims that short-term uptrend, this could have been just be another orderly pullback in a rising market.
If it crosses back under the 20 EMA and closes below, I’d watch for a move toward the 50 SMA (about 6,255).
My stocks, the indices (Dow, Nasdaq, SPX), were met with buyers midday, and even if we roll over, that is expected.
My hourly charts on my trading list do show potential setups for my retest strategy (similar to how you'd trade a pullback on a run up), and I'd like to see the market follow through with weakness as a whole.
So we wait.
Cheers,
Emanuela
If SPX holds above the 20 EMA and reclaims that short-term uptrend, this could have been just be another orderly pullback in a rising market.
If it crosses back under the 20 EMA and closes below, I’d watch for a move toward the 50 SMA (about 6,255).
My stocks, the indices (Dow, Nasdaq, SPX), were met with buyers midday, and even if we roll over, that is expected.
My hourly charts on my trading list do show potential setups for my retest strategy (similar to how you'd trade a pullback on a run up), and I'd like to see the market follow through with weakness as a whole.
So we wait.
Cheers,
Emanuela
Trade aktif
Buyers are not relenting this morning, stepping in each time the price tries to go down. But they are not rushing in either. Both indices and my stocks (my trading list) are flat, signaling indecision.BTW, the video above is for SPX not UPST, it's marked incorrectly.
Trading ditutup: target tercapai
Friday's momentum could be the start of another leg up, closing this for now. Cheers!
Emanuela | thetraderreset.com
Pernyataan Penyangkalan
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Emanuela | thetraderreset.com
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.