SPX/ES! analysis 05/11/2022. Impending bull run
FIrst of all if u all checked my yesterday analysis.I analysed price volume and gave high probability levels (please check) , market bounced and sold of from that
For tommorow analysis . i believe that there is an impending bull run, which will prpbably happen tommorow with 4100 as major resistance. I think tommorow will be bull run.
Still 3958 is a good support and 4100 will be good resistance. As mentioned in my chart
remeber there is a wall street saying--> The stronger the momentum at the begining of week the more likely it will reverse and wednesday is the day. I am hoping a very furious short covering on wednesday.
Keep enjoying free unbiased analysis.
Best strategy for tommorow for me--> selling spy put in the begining and then selling a covered call somewhere around miday with expiration on wednesday
Also there is divergence in RSI and i am pretty sure today was a bear trap
For tommorow analysis . i believe that there is an impending bull run, which will prpbably happen tommorow with 4100 as major resistance. I think tommorow will be bull run.
Still 3958 is a good support and 4100 will be good resistance. As mentioned in my chart
remeber there is a wall street saying--> The stronger the momentum at the begining of week the more likely it will reverse and wednesday is the day. I am hoping a very furious short covering on wednesday.
Keep enjoying free unbiased analysis.
Best strategy for tommorow for me--> selling spy put in the begining and then selling a covered call somewhere around miday with expiration on wednesday
Also there is divergence in RSI and i am pretty sure today was a bear trap