No question about the direction of the trend in the SPX500. Clearly, in an uptrend, I always draw upsloping median lines, trying to go with a valid slope. This pitchfork is working great, with its median line having acted several times as strong support. Price is once again about to test the median line, so keep a closer eye for a buy setup completion.
Looking in the lower time frames we may see that after an impulse, the price is retracing into a correction. Wait for a break above this corrective structure and buy SPX500:
Looking in the lower time frames we may see that after an impulse, the price is retracing into a correction. Wait for a break above this corrective structure and buy SPX500:
