SPX: ABC Correction in B wave; Sucker's Rally!
Fibo at 4168 expected turn, might pump higher, but it will sell again. Same pattern unfolding as last June swoon. RSI declines.
Might break under 4k, or give a double bottom as it did last year around this time. IMO very unlikely to get back over 4200 until move is over.
Trade with care, it's full of traps for bears and bulls now, just damned risky in any position IMO. This is not advice, just an idea; GLTA!
Might break under 4k, or give a double bottom as it did last year around this time. IMO very unlikely to get back over 4200 until move is over.
Trade with care, it's full of traps for bears and bulls now, just damned risky in any position IMO. This is not advice, just an idea; GLTA!
Trade active
ShortedNote
There is a gap waiting to fill at 4188 aboveNote
At Fibo 4168; might be 20 pips left in itNote
Price forming a descending wedge which is bullish, wouldn't get short here yet IMONote
Also notice how the Euros sold in AM and rallied in PM... if same pattern, too soon to short, let the rally top out IMONote
Yep here it is, DJI bounced strongest. Watch n wait!Trade active
Entering shorts on SPY, QQQ. Watch sector rotation, short sectors when they rotate the rally. Small caps soon IMONote
Pure joy... covered the shorts on first wave, re-entered on the lift and rode down to the bell; holding ten bear spreads, here weee gooo!Trade closed manually
BIG gap down, price appears to hold at the low from 12 May; could be a double bottom with higher to come soon. Made bank, taking Risk-off!Trade closed: target reached
Closed this on the double bottom. Seems like all the action is after hours; gotta be in position EOD, lol. Just watching now, see latest post; expect higher, maybe ATH.
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