SP500 climbed up with stairs and is going down by elevator !!

Hello my friends!!! It`s been a hell of a ride these weeks right?? I hope that u are doing well. Today i will show some intraday idea for SP futures. After a flash crash on the Brent oil futures of more than 30% in a bunch of seconds, we have lost the local bottom on 2855, and than a huge pivotal movement started its course. Our traditional moving averages are mapping this trend for us quite well. If you are thinking about a position trade, I would rather wait for a daily close under 2855, then look for our targets which will be the 61,8% of the pink retracement on 1W chart, ma200 on 1W and the 61,8% pivot target on 2520 (H1 chart).

Feel free to comment and hit the like buttom guys, your support is always appreciated!! Enjoy your trades!!

Commentaire:

Hello guys!! I hope that you are having a good sunday!! As you can see, all targets were reached. It seems like Market will test some upward levels. Later I will post another idea covering this movement.
Enjoy your day my fellows.