Long
S&P500 - Resuming leg up
It seems that this correction in wave 4 of C of primary (B) to the upside (targeting 4300+) finished before what we were expecting, at 4054. Price action in the descent looks choppy and a descending broadening wedge has formed. Nasdaq already broke its 4H bull flag.
We therefore closed our short and got long at 4120.3. Stop loss 4100 risk 0.4%
We therefore closed our short and got long at 4120.3. Stop loss 4100 risk 0.4%
Trade active
closed on entry. Restriking 4095.6. Possible micro count belowTrade active
sl on entry. still can play count as here 
Trade active
DBW seems failed. We want to leave both scenarios opened (see counts above). So we are hedging our long with a short from 4127.5Note
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.
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.