SPX's Multi Month Stall at Resistance.
A decision in SPX has to be due soon. For 4 months now it's barcoded at the same 1.61 general inflection zone.
From here I find we typically reject or we trade to the 2.20. Both of these would be a 8 -10% move - it's just a question of to which side.
SPX has started to shape up a lot like a break.
If the bear thesis is correct it needs to be evidenced by a big red monthly bar.
I'd estimate it has to be something in the range of about 8% and sometime March/April.
Should be fairly obvious. And we're getting to the levels where the break is close to being "Confirmed" (not that I rank the idea of confirmation too high, many of the worst trades ever were "confirmed").
9/10 sketchy.
Looking really sketchy out there.
From here I find we typically reject or we trade to the 2.20. Both of these would be a 8 -10% move - it's just a question of to which side.
SPX has started to shape up a lot like a break.
If the bear thesis is correct it needs to be evidenced by a big red monthly bar.
I'd estimate it has to be something in the range of about 8% and sometime March/April.
Should be fairly obvious. And we're getting to the levels where the break is close to being "Confirmed" (not that I rank the idea of confirmation too high, many of the worst trades ever were "confirmed").
9/10 sketchy.
Looking really sketchy out there.
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We have signals services starting from only $10.
Find them here: holeyprofitnewsletter.substack.com/p/all-holeyprofit-newsletters
Find 15 free strategies here: holeyprofitnewsletter.substack.com/p/strategies-parent-thread
Find them here: holeyprofitnewsletter.substack.com/p/all-holeyprofit-newsletters
Find 15 free strategies here: holeyprofitnewsletter.substack.com/p/strategies-parent-thread
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.