.SPX: This Maybe the Wonderful Year for the System

tomthetrader1
05-12

Hello everyone! Today i want to share some trading ideas with you!

1.

On February 21 — the loss of trend, negative breadth and momentum signalled an “alarm” in my analysis. The S&P 500 declined 19.5% over the next month and a half.

Then— sentiment and positioning made a good case for a local bottom, I posted about this case on April 18. Good timing because the market progressed through a historic rally thereafter.

This has been a wonderful year for the system.

2.

Futures open in the 5650-5750 resistance range. $S&P 500(.SPX)$

Fireworks tomorrow either direction. News either propels price well above this range, or rejection sets the stage for a visit to the range traded near April lows.

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