3090 is important resistance

2020年6月30日

Currently the SPX, while still in an uptrend, is stuck in a channel between 3000 and 3230.
It has again bounced on the 3000 support this week and is continuing upwards as expected.
First resistance is at 3090. If that one fails we drop to 3000 again.
If it breaks out we should see a quick run to the 3150 resistance and then 3230.

I'm currently long and planning to sell at 3090. Then I'll wait for confirmation when 3100 breaks to buy back in, or in case of a failed breakout, for 3000 to buy back in.

2020年7月1日

评论

After a strong move the SPX is currently at 3100. A breakout over 3100 would confirm the thesis and will be a buy signal for me.

2020年7月1日

评论

breakout confirmed, buy the open

2020年7月2日

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Broke out over 3100, went higher and consolidated all day. Next leg up is incoming. Small resistance at 3160, big resistance at 3230.

2020年7月7日

评论

Broke over 3160 and almost hit 3200. Pull back to 3160 to confirm previous resistance as new support. Then we will be on our merrily way.

2020年7月16日

评论

Hard rejection of 3230 on Monday. More aggressive than expected. Should consolidate old resistances below at 3200 or 3160 depending on momentum.

2021年2月16日

交易结束：到达目标