SPX500 - getting interesting

12 de jul. de 2016

I did a trend based pitchfan with parallel track channel zones and found we are really at a point where SPX fold on its own pressure or break and enter a zone of the upper purple area where it could stay for a long time that is if it does enter that purple zone. We have been battling the green zone but not left it so we could very well stay

Idea: start with small short trades while checking the daily candle formation against the backdrop of the green/ purple zones