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xTako

Markets set up for downside volatility

Short
S&P 500 Index (SP:SPX)  
xTako  
SP:SPX   S&P 500 Index
Supply and Demand
0
0
supplyanddemand

  • SPX has been up only since crossing previous ATHs.
  • Q1 just closed and Q2 day 1 is closing below the closest weekly levels.
  • Don't fade an upcoming price expansion (or 2) in this month.
  • Immediate key downside support for SPX is the prev ATH, which is 9% under from here.

Invalidation -
  • SPX daily close at ATHs.
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