Friday was a very important day as SPX bounced strongly off 20 ma (middle BB), but if there's no follow through on Monday this can turn into a bull trap. I'm not excluding 2400, but there are some similarities with the recent pattern as this chart shows. Opinion only, no trade advice.
Yorum:
Some will say BB's are just lines and they don't do much and I'll agree, but they speed up the analysis and help not so advanced traders like me.
