SPX500 Trade Review
Yesterday we posted an analysis of SPX500 (S&P500) and how we would react once it break the higher timeframe trendline and reaching the zone.
Today, we saw price had created an seller induction before the NYSE open at 9:30am EST and broke and retest our 5 minute trendline to go long. We enter a buy position on the 5 minute candle with targets to our blue zone and price did in fact went to our zone for an reward 5x our risk or 600pips
Link below is the chart of spx500 that we posted yesterday.
Today, we saw price had created an seller induction before the NYSE open at 9:30am EST and broke and retest our 5 minute trendline to go long. We enter a buy position on the 5 minute candle with targets to our blue zone and price did in fact went to our zone for an reward 5x our risk or 600pips
Link below is the chart of spx500 that we posted yesterday.
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