SPX In Impulsive Correction; Lower Imminent!

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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!

٢٣ سبتمبر ٢٠٢٠

تم فتح الصفقة

Here we gooo... I shorted

٢٣ سبتمبر ٢٠٢٠

تم فتح الصفقة

Closed shorts on 5-wave intraday impulsive sell move; +30%; re-enter on retracement rally!

٢٣ سبتمبر ٢٠٢٠

ملاحظة

Re-entering on the 0.50 Fibo in QQQ

٢٣ سبتمبر ٢٠٢٠

ملاحظة

It forms a bear flag retracement wave

٢٣ سبتمبر ٢٠٢٠

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Closed again on the secondary sell wave intraday. Two day trades on the bear moves; wait for EOD to re-enter IMO

٢٣ سبتمبر ٢٠٢٠

ملاحظة

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.

٢٣ سبتمبر ٢٠٢٠

ملاحظة

LOL it just kept going.... short the retrace IMO

٢٣ سبتمبر ٢٠٢٠

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Would not chase this sell; it's formed an ABC intraday, wedging; might pop up strongly in PM session

٢٣ سبتمبر ٢٠٢٠

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Last time it did this we gapped down on 17 Sep

٢٣ سبتمبر ٢٠٢٠

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LOL shoulda chased it!

٢٣ سبتمبر ٢٠٢٠

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IF support holds 3250 THEN the rally could kickoff from here...

٢٣ سبتمبر ٢٠٢٠

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Double bottomed; don't chase; holding nothing overnight, could rally from here on support, or dig deeper.
Target on chart is pure WAG...

٢٤ سبتمبر ٢٠٢٠

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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

٢٥ سبتمبر ٢٠٢٠

ملاحظة

Maybe a bear rally, W formation, might reject from 3300, no positions

١٥ أكتوبر ٢٠٢٠

تم فتح الصفقة

Closed the gap on DJI, SPX, close enough IMO: shorting EOD on the Hanging mAN