S&P Gives Clear Price Action Bullish Signal On Range Bottom

s&p range support

The S&P is printing a class range signal. This market fell into a range after dropping from a big rally.

Now we have the range structure, it’s just buy on bottom, sell on top… and what better evidence do you need than a price action signal.

Last session the S&P printed a large bullish rejection candle off the range bottom.

This is strong evidence that price wants to cycle through another range.

Generally the S&P gets fired up in the US session, so we will see then if this signal is likely to work out or not.

A retracement entry on the signal would be nice here to tighten up the stop loss needed, as it is a large ranged candle.

The long extended lower wick that pokes though the range bottom is a sign of a fake out to the downside… another sign of strength.

Good luck on the charts guys.

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4 Comments...


  1. Sentosa masyhor comment display photo
    Sentosa masyhor
    I think all trader testing this version

  2. Patrick comment display photo
    Patrick
    Hi Dale. Is this trial version compatible with Mac versions on MT4/5 too?
    1. Dale Woods comment display photo
      Dale Woods
      You need to run it in a windows emulator like parallels & win 10. Then it will work.

  3. Patrick comment display photo
    Patrick
    Good example that the best possible setup can fail.
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