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Orro3790

SPX - Monday short lived bullish, followed by bearish EOD action

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Índice S&P 500 (SP:SPX)  
Orro3790  
SP:SPX   Índice S&P 500
Trend Analysis Chart Patterns
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trendanalysis chartpattern
Friday's close was impressive, but until we see higher highs, we are still in our down-trending channel. Monday is likely to open with continued bullish momentum, but can still easily reverse to more downside after it hits the 50-SMA.
Monday's plan of action: Ride bullish momentum in a long position, watch for the peak and turn over, and get into short position by end of day :).
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