SPX In Impulsive Correction; Lower Imminent!

تم تحديثه
Chart says all. Perfect Bear Wedge on 9/22. Look at the repeating pattern; 3 drives to the bottom IMO.

Not investing advice; trade at your own risk! GLTA!
تم فتح الصفقة
Here we gooo... I shorted
تم فتح الصفقة
Closed shorts on 5-wave intraday impulsive sell move; +30%; re-enter on retracement rally!
تعليق
Re-entering on the 0.50 Fibo in QQQ
تعليق
It forms a bear flag retracement wave
تعليق
Closed again on the secondary sell wave intraday. Two day trades on the bear moves; wait for EOD to re-enter IMO
تعليق
Forms a wedging pennant, trade is fluctuant and choppy, difficult to fill limit orders, go in/out at market IMO; could be a strong bounce mid-day, short if it does.
تعليق
LOL it just kept going.... short the retrace IMO
تعليق
Would not chase this sell; it's formed an ABC intraday, wedging; might pop up strongly in PM session
تعليق
Last time it did this we gapped down on 17 Sep
تعليق
LOL shoulda chased it!
تعليق
IF support holds 3250 THEN the rally could kickoff from here...
تعليق
Double bottomed; don't chase; holding nothing overnight, could rally from here on support, or dig deeper.
Target on chart is pure WAG...
تعليق
Still holding cash, no longs until RSI gets OS on ES1!; NQ1! in OS now may dig a little more; any bounce will be temporary relief IMO:
marketwatch.com/story/the-second-wave-of-a-rolling-bear-market-is-about-to-begin-says-top-forecaster-11600945948?mod=mw_latestnews
تعليق
Maybe a bear rally, W formation, might reject from 3300, no positions
تم فتح الصفقة
Closed the gap on DJI, SPX, close enough IMO: shorting EOD on the Hanging mAN
bearflagsChart PatternsWave Analysis

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