The SPX is moving sideways for now, and the Bollinger Bands are getting tighter. This could indicate that the next explosion will happen soon, the question is, it'll be up or down?
We just hit our target at 4,118, but the index is doing a hammer (or a spinning bottom?) close to the support, and it is in the lower part of the band, meaning that an upwards movement is more interesting. Anything above the 4,158 is a buy, but watch out the 4,118, as this point is still an important one! The futures are dropping a little right now, but it might be worth to check them as well!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
We just hit our target at 4,118, but the index is doing a hammer (or a spinning bottom?) close to the support, and it is in the lower part of the band, meaning that an upwards movement is more interesting. Anything above the 4,158 is a buy, but watch out the 4,118, as this point is still an important one! The futures are dropping a little right now, but it might be worth to check them as well!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
