At some point sooner or later in this descent SPX will most likely bounce and tag the 4H50MA and fall again.
And so I will be waiting for shakeout reversal pattern candles at the 50MA to enter various stocks in a good position for entry at that time to hold through the crash.
Or if price moves through then I will wait for the cross back + bearish momentum candles.
A little 4H RSI divergence already so could be coming sooner, or not - we'll see, it doesn't really make a difference.
Not advice.
And so I will be waiting for shakeout reversal pattern candles at the 50MA to enter various stocks in a good position for entry at that time to hold through the crash.
Or if price moves through then I will wait for the cross back + bearish momentum candles.
A little 4H RSI divergence already so could be coming sooner, or not - we'll see, it doesn't really make a difference.
Not advice.
Comment:
Ok so some kind of bounce is on here. Also the 4H200MA may have an influence, I wont be adding any positions there and perhaps it will get to the 50MA. Lets see.
Comment:
SPXUSD hitting the 4H500MA. If this bounce is going to be a minor blip it will likely back down here. Idk which obviously just watching and waiting.
Comment:
Looking quite corrective, its looking good for downside confidence, not sure if it will get to the 50MA though, maybe.
Comment:
SPX is at the 4H50MA lets see what happens.
Comment:
Indexes are looking very bullish and so i'm now looking for longs not shorts and staggering out of short trades. May be a pull back, we'll see how triple witching works out.
Comment:
Ok thats a fairly enormous dump and that will nullify the bullish trend. Could be bearish from here. Lets see.
Comment:
Full bear 🐻.
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Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focus😼.
$50 per month 👍🏻.
Contact: t.me/dRends35