S&P500 1072 Buy Signal - 20th July

S&P500 bounced up from 1057 to 1083  level on 20th July. 1083 is a 61.8% retrace of the fall from 1100 on 15th July .

However on a medium term, the S&P500 is on a SELL signal, which was triggered at the start of May at 1170 level. Only 5 days closing above the Daily 50ema (1092) will change the downtrend.

         

Date	Trade	Price	Stop	Target	Profit
20Jul	BUY	1072	1068	1085	£110
16Jul	SELL	1085	1072	950	£130
07Jul	BUY	1035	1085	1130	£500
22Jun	SELL	1115	1035	950	£800
10Jun	BUY	1068	1115	1130	£470