Hey, what’s good? It’s Skeptic! 😎 Last week, we scored a nice R/R on SPX 500, and now it’s looking ready for another big move, super close to our long trigger. Let’s check it out with a multi-timeframe breakdown to grab those long and short triggers!
Daily Timeframe: The Big View
The SPX was riding a strong bullish wave, then hit a deep correction. Here’s what’s up:
4-Hour Timeframe: Long & Short Triggers
On the 4-hour chart, here’s the plan for our trades:
RSI Trick & Your Input
Love RSI? I’ve been using it forever, and I think most guides get it wrong. They say overbought RSI means sell, but for me, it’s a go sign for longs! Want a full RSI tutorial? Tell me in the comments, and I’ll hook you up! 📢
💬 Let’s Talk!
If this got you hyped, hit that boost—it helps a ton! 😊 Got another pair or setup you want me to hit? Drop it in the comments. Thanks for chilling with me—keep trading smart! ✌️
Daily Timeframe: The Big View
The SPX was riding a strong bullish wave, then hit a deep correction. Here’s what’s up:
- It’s bounced back most of that drop and is nearing its ceiling at 6128.55. 🏔️
- A break and hold above 6128.55 could kick the bullish trend into high gear, per Dow Theory.
- Watch the daily RSI—if it goes overbought, we might see a fast, big rally. 🚀
- This is our long-term play, so let’s zoom in for the short-term action!
4-Hour Timeframe: Long & Short Triggers
On the 4-hour chart, here’s the plan for our trades:
- Long Trigger: Break above 5990.67, with RSI above 66.57 to show the move’s got juice.
- Stop Loss: Your choice—put it below 5955.77, or check 1H or 15-minute charts for a tighter stop under the last low. 🎯
- Short Trigger: A drop below 5856.93 lets you short, but it’s against the trend, so keep it low-risk. Take profits quick, use a small stop loss, and close when you hit a good R/R. ⚠️
- Shorts are tricky here, so play it safe and don’t go all-in!
RSI Trick & Your Input
Love RSI? I’ve been using it forever, and I think most guides get it wrong. They say overbought RSI means sell, but for me, it’s a go sign for longs! Want a full RSI tutorial? Tell me in the comments, and I’ll hook you up! 📢
💬 Let’s Talk!
If this got you hyped, hit that boost—it helps a ton! 😊 Got another pair or setup you want me to hit? Drop it in the comments. Thanks for chilling with me—keep trading smart! ✌️
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.