The SPX Crash Mapped (You agree?)No analysis... You've been warned.
Unless you see news of more trillions being printed, expect the SPX index to crash strong in the coming weeks/months.
Likely course of action
1. Test of ~3950
2. Small bounce and then test of ~3600
3. Strong drop, long lower wick to test low ~3ks.
4. Slow drawn out recovery...
What's your take?
Namaste.
SPF1! trade ideas
Crash Ahead !!!Upper part of an Gramophone Pattern
E 3823
sl 3865
T trail
if the prices start to move down it could crash 50%.
Reason to go Shorts:
Upper part of the big picture Gramophone Pattern
Prices are into Weekly Supply zone
May Form the Head and Shoulder Pattern.
For more information and Idea Contact us and follow us .
Bears in control at Wall Street! SELL S&P 500Market view negative for today if it stays below 3210.50
Sell at 3200
SL at 3211
Target 1: 3181
Target 2: 3264.75
This post is only for educational purpose. Do not trade solely based on the above analysis. Always use proper risk management. Happy Trading :)
May your trading day end in green :)