Risk of pullback now is higher as we're trading slightly above the 50 fib of the last swing. While the 50 fib is rarely a reversal fib it's often a pullback one and it can easily retest the previous fibs.
This would take us down under the entry level given earlier in the day.
While small chart higher lows persist, SPX is still in an uptrend, but the risk of a bigger correction is highest into the 50 / 61 fibs. This is one of the big risk areas to be aware of.
Overall bias is still higher.
This would take us down under the entry level given earlier in the day.
While small chart higher lows persist, SPX is still in an uptrend, but the risk of a bigger correction is highest into the 50 / 61 fibs. This is one of the big risk areas to be aware of.
Overall bias is still higher.
Long RUT 1876
Stop 1870
Long SPX 4058
Stop 4050