Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2017.05.30 08:19
S&P 500 and Dow Jones: traders remain short (based on the article)
S&P 500 daily price was on the secondary correction and it was bounced from 2354 support level to below for 2418 resistance level to be tested. Anyway, the bearish divergence is appear on the daily price, while the ascending triangle pattern was formed for the price to be crossed to above for the bullish trend to be continuing. Strategy: stay neutral.
Dow Jones price is located above Ichimoku cloud in the bullish area of the chart: the price is on ranging within the following s/r levels: