We’ve triggered many different setups that imply a bull move, but the bull move has been going on a long time and become very popular now. It’s prudent to be aware of pullback and reversal risks.
In a bull trend we could easily see a move like this.
Pullback risk in uptrend high here. for SP:SPX by holeyprofit — TradingView
This move looks a lot more likely with usd having early signs of bull trend failure here today.
Bias is short unless we can break over 4160 (Where bias would be long). Plan to buy 4020 if we get there. Under 4160 bulls should be careful. There could be some kind of mini (Or full rug pull move here). Good spot to lock in profits on the bull side.
Current position is an exit of the two running buys given previously. Short 4140. Stop above the last high and target 4040. Low tolerance for moves against the position, if the bear move is valid it should be starting. Out all shorts if a new high is made.