the5erstrading

The SPX500 Price Is Between Two Quasimodo Levels 24/03/19

Short
SP:SPX   L'indice S&P 500
For the long terms, we can see that the Spx500 index is bearish, we can see that clearly on a weekly chart, the last drop from Friday is a reaction to the Weekly Quasimodo level that I mention in my post from the 14/03/19 on SPX500,
For those who didn't sell at the first touch of the price in that weekly level, the price might give another chance after creates new fresh supply which looks like another Quasimodo level in the lower time frame (15 minutes),
If the price will retrace to that supply above, I'll sell there as a long term position, my stop loss will be just above that supply level, and my target for this sell Position will be 2400.00 zones, the demand below can be a great level of buy position but as an intraday position,
For this upcoming week, there are no high impact events or news for the USD so I feel on the safe side by using only tech analysis.

The5ers Funding Forex Traders & Growth Program. Get Funded with up to $2.56M
We Trade Forex - Come Join Us!
the5ers.com
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.