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ant187
22 maj 2019 21:15

SPX - Thursday 5/22 should decide move 

S&P 500SP

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Evening traders,

We're in a tight range and wanted to point couple of things I see out.

Firstly, we have a sloppy upward sloping H&S forming on the daily, additionally, there is another sloppy inverted H&S on the hourly targeting 2890.

MACD is about to tick positive, Stoch RSI is neutral, and it's trading in between the 5/10 MA's

Move should be tomorrow, I'm currently all cash except for a few google puts

Daily and weekly support further downside, and any upside movement should be capped at 2890.

As always, hit that like and follow button!

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OILS down as well, can follow wti, it normally leads indexes

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2820 failure will lead to 2789; googl puts held overnight should be 5-6x at open and will likely be 10x if googl hits 1120

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Looking for rejection at 2842-2846, can enter shorts in this area for a LL

Trade stängt: målet nått

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