recent setup:(still active)
SPX is clearly in a uptrend on the higher timeframes.
looking at the 1hr we see a inverse head n shoulder, as well as an descending triangle.
inverse heads and shoulders: (buy)
en 4187
sl 4177
tp1 4200
tp2 4211
tp3 4233
tp4 4240
max tp 4300
05/30 update:
bullish flag confirmed
if price breaks above top trend line buy. entry 4215 area
if spx fails to remain above 4205 sell at 4203
target 4197
overall im bullish on spx500, if price bounce back down to the 50ma-this would be a nice buy entry aswell.
use proper risk and trade with a stop loss
SPX is clearly in a uptrend on the higher timeframes.
looking at the 1hr we see a inverse head n shoulder, as well as an descending triangle.
inverse heads and shoulders: (buy)
en 4187
sl 4177
tp1 4200
tp2 4211
tp3 4233
tp4 4240
max tp 4300
05/30 update:
bullish flag confirmed
if price breaks above top trend line buy. entry 4215 area
if spx fails to remain above 4205 sell at 4203
target 4197
overall im bullish on spx500, if price bounce back down to the 50ma-this would be a nice buy entry aswell.
use proper risk and trade with a stop loss