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.