SPX500 - The Upside

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Taking some awful chances in this idea.
The daily cycle is very mature, we are on day 47. We bumped into the resistance of 2820 again which is a multi month resistance. It's the 2nd time that we were unable to break above it.
MACD crossed over, RSI 6 had left oversold condition and just needs to break below the red line ; and SlowStochastic has a good cahnce to tag the oversold territory.

If this is breaking down - we might have only 2-3 down days and then it reverses and running to new all time highs - the chance is good that we are going to tag the 50 MA and the 100 MA.

This is a very risky trade , we might just break above 2820 and run to new highs, so set your stops above 2820...

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200MA closing half of the position
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Using a stop loss :
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I will move it once we have a lower low on the hourly.
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Stop loss moved again.
Playing withe the house’s money.
Trade geschlossen: Stop wurde erreicht
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Powell... so ridiculous how they leave alone the market after the FOMC.
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Unbelievable how they are leaving alone the stock market after every FOMC meeting
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Candlestick AnalysisS&P 500 (SPX500)spx500shortSupport and ResistanceTrend Analysis

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