I just published an article noting that the recent choppy action across FX pairs isn’t setting up many TC signals for me and so I will be concentrating on the S&P500 more closely this US session. This is an open article for all traders about how I’m reading the current S&P500 charts.
S&P500 daily: momentum is ticking higher with this recent daily chart triangle breakout. I’d previously noted that continuation here would bring the 2,880 into focus as this is the whole-number level near the recent High:
S&P500 4hr: there is bullish momentum on the 4hr chart:
S&P500 15 min: horrible price action yesterday though!
S&P500 5 min: I’ll be watching for any new momentum based trend line breakout from the Asian range that evolves with a TC signal and that satisfies my trade entry criteria:
