SPX In Impulsive Correction; Lower Imminent!
Diupdate
Chart says all. Perfect Bear Wedge on 9/22. Look at the repeating pattern; 3 drives to the bottom IMO.
Not investing advice; trade at your own risk! GLTA!
Not investing advice; trade at your own risk! GLTA!
Trade aktif
Here we gooo... I shortedTrade aktif
Closed shorts on 5-wave intraday impulsive sell move; +30%; re-enter on retracement rally!Catatan
Re-entering on the 0.50 Fibo in QQQCatatan
It forms a bear flag retracement waveCatatan
Closed again on the secondary sell wave intraday. Two day trades on the bear moves; wait for EOD to re-enter IMOCatatan
Forms a wedging pennant, trade is fluctuant and choppy, difficult to fill limit orders, go in/out at market IMO; could be a strong bounce mid-day, short if it does.Catatan
LOL it just kept going.... short the retrace IMOCatatan
Would not chase this sell; it's formed an ABC intraday, wedging; might pop up strongly in PM sessionCatatan
Last time it did this we gapped down on 17 SepCatatan
LOL shoulda chased it!Catatan
IF support holds 3250 THEN the rally could kickoff from here...Catatan
Double bottomed; don't chase; holding nothing overnight, could rally from here on support, or dig deeper. Target on chart is pure WAG...
Catatan
Still holding cash, no longs until RSI gets OS on ES1!; NQ1! in OS now may dig a little more; any bounce will be temporary relief IMO:marketwatch.com/story/the-second-wave-of-a-rolling-bear-market-is-about-to-begin-says-top-forecaster-11600945948?mod=mw_latestnews
Catatan
Maybe a bear rally, W formation, might reject from 3300, no positionsTrade aktif
Closed the gap on DJI, SPX, close enough IMO: shorting EOD on the Hanging mAN
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