SPX oversold; near completion of ABC correction?
Updated
-10% on support at 3230. Could get lower, might bounce and sell once more. Falling wedge; a bear trap IMO
See related post on QQQ; not investing advice; trade at your own risk! GLTA
See related post on QQQ; not investing advice; trade at your own risk! GLTA
Trade active
Got into Oct 324 calls when price around 323; look for higher on Tues to closeout. Chop not over yet IMO; short covering rally again, as on FridayNote
Wow! Cut day's loss in half EOD...! Calls looking real good atm...holding for TuesTrade closed: target reached
Flipped the calls in AM rush, +33%Note
Expect another sell soon, retest lows or a higher low, probably Thursday but could start Weds PM IMONote
Wow look at the perfect Bear Wedge! Terminating in the resistance zone ~3320 from 9/08-11-17; perfect short entry IMOTrade active
Played it up and down; back in cash; is this a 2 wave down in an emerging 5-wave impulse? Friday will tell IMONote
News noise over Trump infection has closed the gap at 3305; expect higher again soon IMO
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