SP500 – The Anticipatory Bulls vs Bears

Bulls vs the Bears

Many trader use the S&P500 for direction of the markets. Currently the charts are showing a potential to the downside, However technically we are still in an uptrend. the following trade hit a supply zone that would have either violated and change the trend to a downtrend or bounced to leave everyone in the same anticipatory position. Higher or low that is the question.

Taking this trade for an automatic target one, I decided to treat as per my aggressive trade rules and take all off the table at Target1.

Nice as an earlier trade the week before stopped out.

Results 135 pips 2% acount size gain.

81474323 - SP500 May16

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