SP500 before big rise?

For now SP500 is stuck below important resistance at 1300 point. Is SP500 before big rise? We can answer this question only after 1300 is borken. Situation does not look tragic for now. Lets check first 4hour chart:



Simply looking at rainbow chart we can see an uptrend. For now it is fighting with resistance. Correction at this place is possible. Things will get ugly when SP500 is back below 200 MA (that is below 1245 points).

Below you can see daily chart of SP500 where resistance is clear and easy to spot:



Capital preservation is most important right now. Keep your stop losses tihgt, but remember that rises are possible.

Few mistakes

Few mistakes.

account #1:
still long usdjpy
closed short usdchf without loss
two eurusd trades with small loss

account #2:
Closed sp500 short because there was clean bottom and bounce. Took some loss, but not so big.
Still waiting for friday and bens speach. Until then, i revesed my position. Long sp500, but only 0.01.

Short us10y 0.5. This is working fine so far.

us10y:


I plan to short sp500 again at 1250, but will see after friday.

USDJPY

Account #1: Long usdjpy 1500 at 76,81 because of possible bottom. Yen is at historical low, bottom is clean and stop loss is quite near. Will see.

still short usdchf.

Account #2: short 0.02 sp500 at 1122 points. Breakout from the cloud on h4 chart.

Silver close

Ok, I closed silver around 41,63$ and took profit around 150zl. Not happy with that thoe, because silver is much higher now. There was a cloud breakout and I shoud leave it. Anyway, next week probably I wll be buying silver back.

Week is over. Account balance for now: 1103zl.

Only one position left open: usdchf 2k short @ 0.7873. Closed below kumo on h1 chart, looking for continuation down.

usdchf closed

closed on stop loss at 0.7882.
what was wrong: trade was profitable, but i did not close it on 200 sma on 4hr chart.
entry was too late.

h4:



h1:

Long usdchf

Long today with usdchf at 0.7923. 1k.

h1 chart:

Long silver

Took silver long on 15.08 at 39,30 (5u) and 39,67$ (5u).

h4 chart: