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SP500 just breached the 3232 ceiling


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#1 pdx5

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Posted 20 July 2020 - 09:45 AM

Now let us see if it can close above that.


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#2 traderx

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Posted 20 July 2020 - 09:57 AM

good commentary



#3 redfoliage2

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Posted 20 July 2020 - 10:32 AM

SPX is currently above the resistance line, but it's more important to see it stays above it at the close today, better to stay above 3235 by the close though or just a false breakout ...............


Edited by redfoliage2, 20 July 2020 - 10:38 AM.


#4 pdx5

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Posted 20 July 2020 - 10:45 AM

SPX is currently above the resistance line, but it's more important to see it stays above it at the close today, better to stay above 3235 by the close though or just a false breakout ...............

Could not agree more.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#5 pdx5

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Posted 20 July 2020 - 12:53 PM

WOW 122 points away for brand new high for SP500.\

But that seems unlikely before Santa Claus rally.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#6 traderx

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Posted 20 July 2020 - 01:44 PM

my long term time based system needs a new high soon. The risk reward on this system has been excellent for many years.