At some point sooner or later in this descent SPX will most likely bounce and tag the 4H50MA and fall again.
And so I will be waiting for shakeout reversal pattern candles at the 50MA to enter various stocks in a good position for entry at that time to hold through the crash.
Or if price moves through then I will wait for the cross back + bearish momentum candles.
A little 4H RSI divergence already so could be coming sooner, or not - we'll see, it doesn't really make a difference.
Not advice.
And so I will be waiting for shakeout reversal pattern candles at the 50MA to enter various stocks in a good position for entry at that time to hold through the crash.
Or if price moves through then I will wait for the cross back + bearish momentum candles.
A little 4H RSI divergence already so could be coming sooner, or not - we'll see, it doesn't really make a difference.
Not advice.
Nota
Ok so some kind of bounce is on here. Also the 4H200MA may have an influence, I wont be adding any positions there and perhaps it will get to the 50MA. Lets see.Nota
SPXUSD hitting the 4H500MA. If this bounce is going to be a minor blip it will likely back down here. Idk which obviously just watching and waiting.Nota
Looking quite corrective, its looking good for downside confidence, not sure if it will get to the 50MA though, maybe.Nota
SPX is at the 4H50MA lets see what happens.Nota
Indexes are looking very bullish and so i'm now looking for longs not shorts and staggering out of short trades. May be a pull back, we'll see how triple witching works out.Nota
Ok thats a fairly enormous dump and that will nullify the bullish trend. Could be bearish from here. Lets see.Nota
Full bear 🐻.
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I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
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Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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