After a drop of 28% from the peak, SPX has bounced up after touching the 200 weekly moving average.
It does not indicate a trend change but rather seems like a bull trap in the overall bear market.
FED is meeting between 1-2 November and volatility is expected.
If you are entering longs, protect your profits with tight stop loss.
Things can turn down again very soon.
It does not indicate a trend change but rather seems like a bull trap in the overall bear market.
FED is meeting between 1-2 November and volatility is expected.
If you are entering longs, protect your profits with tight stop loss.
Things can turn down again very soon.