If SPX is setting up to break, it can not be said to be subtle.
Those caught out would have to be looking at the market through bull tinted spectacles or choosing to ignore classic patterns that have worked so well in previous breaks.
Added to the collection of bull trap warnings, here's the Elliot Waves. Signalling a short entry last week.
-
-
Those caught out would have to be looking at the market through bull tinted spectacles or choosing to ignore classic patterns that have worked so well in previous breaks.
Added to the collection of bull trap warnings, here's the Elliot Waves. Signalling a short entry last week.
-
-
Note
Looks like wave 1 and 2 in. Big one comes now if this is right.
Note
Strong down trend supports wave 3 thesis. Trade closed manually
Looks like it will fail. Out shorts now.Trade active
Okay back in. Was worried about a spike. It came. Back in around a retest of where I exited.Trade active
Adding more shorts. If the big wave 3 is going to hit it's coming soon.Note
Stops trailed to 4207. Staying in so long as the trend is consistent.
Note
Very proactively trailing stops as we get close to the wave 3 target.
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.