S&P 500 IndexLong
Has the uptrend ended?
Updated
It was a story of five months ago when I made a move towards 2900.0.
Currently, it can be seen from the daily story that 2800.0 acts as a strong resistance, preventing up trend persistence.
Daily
I assume that this symbol is not considered an uptrend already.
However, most recently it is likely to consider trading using a support line from Double Zero 2700.0.
<<tactics>>
1) Double Zero Judged that 2700.0 functioned as a resistance line.
long entry.
The first limit is under thin horizontal line 2738.6.
The second limit is under WePP (P) 2756.0.
2) It can not be determined that double zero 2700.0 functions as a resistance line.
There is MPP (P) 2678.0 under Double Zero 2700.0, so I do not think of a short. I will observe.
Finally, WePP and MPP will be updated on Monday as weekend and monthend are approaching.
Flexible response is required.
It is a good choice not to enter if you feel difficult.
I would be grateful if you like it idea,give me follow or agrees!
------------------------- <Legend> --------------------------
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding double zero
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
------------------------- <Legend> --------------------------
Currently, it can be seen from the daily story that 2800.0 acts as a strong resistance, preventing up trend persistence.
Daily
I assume that this symbol is not considered an uptrend already.
However, most recently it is likely to consider trading using a support line from Double Zero 2700.0.
<<tactics>>
1) Double Zero Judged that 2700.0 functioned as a resistance line.
long entry.
The first limit is under thin horizontal line 2738.6.
The second limit is under WePP (P) 2756.0.
2) It can not be determined that double zero 2700.0 functions as a resistance line.
There is MPP (P) 2678.0 under Double Zero 2700.0, so I do not think of a short. I will observe.
Finally, WePP and MPP will be updated on Monday as weekend and monthend are approaching.
Flexible response is required.
It is a good choice not to enter if you feel difficult.
I would be grateful if you like it idea,give me follow or agrees!
------------------------- <Legend> --------------------------
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding double zero
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
------------------------- <Legend> --------------------------
Order cancelled
It got up before I finished checking that the support line worked.
Let's go next!
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