200 DMA Coming Up: Rejection?
Chart says all. 200 DMA been the pushback all year. Probly gonna dump again to give us a right inverted H&S.
The next rally will likely breakout above the 200 and really rocket. Be ready. Short-term short; longer-term long.
NB: 0.618 Fibo was 4007 from the 16 Aug peak (not shown). trading slightly above it here, pushback Weds PM went to Fibo.
Probly a good price to set up shorts imo, SPX 4k, SPY 400. Puts are cheap again, always a good sign for bears. FOMC 14 Dec!
The next rally will likely breakout above the 200 and really rocket. Be ready. Short-term short; longer-term long.
NB: 0.618 Fibo was 4007 from the 16 Aug peak (not shown). trading slightly above it here, pushback Weds PM went to Fibo.
Probly a good price to set up shorts imo, SPX 4k, SPY 400. Puts are cheap again, always a good sign for bears. FOMC 14 Dec!
Nota
Look at 8-16 Aug. Setting up for same kind of blow-off imo.Didn't short it EOD, maybe shoulda, maybe gets a bit higher. 4054 oughta top it if it didnt' already.
Nota
How bout thatNota
3960 may find support for push higher before lower. be cautious!Trade chiuso manualmente
Breaking up hope you closed ur shortz!
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