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 bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam 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 bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.