The big bear candles filled all my short targets and I'd set some pending orders to buy into a following spike.
We did get a big bounce off the buy entry zone but I find it a bit suspicious for a possible bull trap.
If it is, this is the likely area it ends now. Exited longs and took some shorts yesterday at 6040.
If this was Elliot waves, would forecast a big move. A drop of about 8% to 5500.
Do have to see strong selling to evidence the EWs.
We did get a big bounce off the buy entry zone but I find it a bit suspicious for a possible bull trap.
If it is, this is the likely area it ends now. Exited longs and took some shorts yesterday at 6040.
If this was Elliot waves, would forecast a big move. A drop of about 8% to 5500.
Do have to see strong selling to evidence the EWs.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.