Waiting For Reversal Opportunity On SPX500 25/09/2018
This article originally appeared on Bitcoin Trading Broker
For the long terms, the SPX500 has reached a new record recently,
As always, after a long rally, I’ll prefer to look for sell position, I believe in the simple logic of sell high And buy low, and the SPX500 is definitely in a high level now, if the price will breakout the confirmation zone below it indicates the price has changed the long-term momentum from bullish to bearish, if that Happened I’ll look for a P”A setup of sell position, my first target will be the demand below, and the Final target is the support zone at the bottom.
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