Short

SP500 looks weak 🦐

Updated

SP500 on the 4h chart has retested perfectly the 0.618 fibonacci lelevl over a weekly resistance.
The price is now trading above a daily support and a break below will show further signs of weakness.

I will wait for a clear break on the 4h chart and if that will happen i will be looking for a nice short order according to the Plancton's strategy rules.

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Follow the Shrimp 🦐

Keep in mind.

• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.

Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.

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a break will be needed first to consider a new position

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as expected

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a series of lower lows lower highs, the trend is your friend until you ll recognize a sign of reversal

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break and retest, waiting for the FED

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another 5% move in our favour

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moving lower as expcted

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new recent low for a 7% call

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short term retracement to the upside

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choppy lower low for a 8.47%

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retest of the resitance

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new recent low ahead

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typical beginning of the month move

InkyGrip

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