Daily Oscillators are now short with the 4hour on SPX & ES1!

Shown is the 4hr ES futures chart for the S&P 500, along with the "Level Break" & "Fisher Transform" studies.

• Notice how you can see clear areas of previous resistance or support and use them to weigh in your R:R structure.
  
• The short target of the next known support level is clearly shown in the low 3300's.
  
• Now, shorts can keep good a risk to reward ratio, also known as payoff ratio, by shorting in the red oval area with the stop at a previous support (to become new resistance in mid 3355 area).
  
• As always, shorts are quicker trades than longs, and especially on this time scale. So, be sure to lock in profits and don't let winners turn to losers!
  
• Note that the Fisher Transform on the 4hr is also a tell that the short could be done. Look at the green cloud in pic at bottom, eyes peeled here! I should also note that I don't take these strategy trades verbatim, they are only a guide.
  

Also, there is a great play for the bounce if you are looking to get in this longer term bull market at a decent price, look for the low 3300's. The market hasn't been offering good pullbacks to buy, so take each pullback for the investment portfolio as best you can, and take target prices for your investments to put that $ in things that have room to run.

Sidenote, I will be releasing some new scripts for TradingView this week! They will be more of a scalping/daytrader thing, looking forward to conversing about them.

~B3 d^.^b

Trade stängt: målet nått:

Ok, well now we will look for the long bounce... or at least a higher place to reshort. :) d^.^b

Kommentera:

To continue the analysis: twitter.com/Virtuoso.../1232194546731188226

Kommentera:

twitter.com/Virtuoso.../1232360308263485440