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SP500 BEAR TRAP
A daily close back into the price channel would be an extremely bullish development (likely triggering a rally to tag the top of the price channel).
New video is out now.
This is a high risk high reward set up, position sizing and risk management are essential.
Do not trade based on this post, this is for educational purposes only.
BULLISH ENGULFING CANDLE on the SP500 Equal Weighted ETF
This is good news for longs, healthy to see a powerful move during a rebound (especially on an equal weighted etf signaling the breadth is increasing).
If the price comes down back below the bottom of the bullish engulfing candle, this negates the bullish structure and will trigger more downside.
New video out tomorrow!
Have a great weekend!
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