SPX is forming another Megaphone pattern like it has done multiple times in the past few months:
If we don't see a break to the upside here then another leg down is possible. I will be looking to enter long positions on any dips.
I remain bullish with the following targets
Initial Target: $3160
Secondary Target: $3120
Extended Targets: $3220-$3230
Stay tuned for updates.
If we don't see a break to the upside here then another leg down is possible. I will be looking to enter long positions on any dips.
I remain bullish with the following targets
Initial Target: $3160
Secondary Target: $3120
Extended Targets: $3220-$3230
Stay tuned for updates.
Trade active
Note
Perfect entry on our Monday long scalp on Related publications
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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.