SPX In Impulsive Correction; Lower Imminent!

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!

Trade active:

Here we gooo... I shorted

Trade active:

Closed shorts on 5-wave intraday impulsive sell move; +30%; re-enter on retracement rally!

Comment:

Re-entering on the 0.50 Fibo in QQQ

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It forms a bear flag retracement wave

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Closed again on the secondary sell wave intraday. Two day trades on the bear moves; wait for EOD to re-enter IMO

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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.

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LOL it just kept going.... short the retrace IMO

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Would not chase this sell; it's formed an ABC intraday, wedging; might pop up strongly in PM session

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Last time it did this we gapped down on 17 Sep

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LOL shoulda chased it!

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IF support holds 3250 THEN the rally could kickoff from here...

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Double bottomed; don't chase; holding nothing overnight, could rally from here on support, or dig deeper.
Target on chart is pure WAG...

Comment:

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:
www.marketwatch...ter-11600945948?mod=mw_lat...

Comment:

Maybe a bear rally, W formation, might reject from 3300, no positions

Trade active:

Closed the gap on DJI, SPX, close enough IMO: shorting EOD on the Hanging mAN