I've made some intraday short term winning S&P trades recently going in between the System time period range.
But yesterday the S&P fell once more to 50 sma support and bounce off.
Now it's over resistance 3800.
So it's still long/buy the dips unless s&p breaks below the 50 sma.
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Was there any indication last night this would break over 3800 today? Think we get a longer rally since it finally broke it ?
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The chart started looking better.
Everytime we fell to the 50 sma it bounces.
Now it's turning the 50 sma upwards.
As long as that continues it's bullish and buy the dips until the 50 sma until it doesn't work.