The last 3 times before last Friday that RSP short term
momentum made a high pointing hook the price responded with a bounce over the
support line.
It has that formation again so my order would be to buy at
the open tomorrow with a target around the last short term resistance.
I want to wait some minutes before the market opens to see
how weekend news will affect the market tomorrow before I put my order. I wish
SPX futures will hold above the support line.
Although the 2 months formation shows a market losing steam,
this is short term trading.
Let’ see
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