SPX In Impulsive Correction; Lower Imminent!

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!

Trade attivo:

Here we gooo... I shorted

Trade attivo:

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

Commento:

Re-entering on the 0.50 Fibo in QQQ

Commento:

It forms a bear flag retracement wave

Commento:

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

Commento:

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.

Commento:

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

Commento:

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

Commento:

Last time it did this we gapped down on 17 Sep

Commento:

LOL shoulda chased it!

Commento:

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

Commento:

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

Commento:

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:
www.marketwatch...ter-11600945948?mod=mw_lat...

Commento:

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

Trade attivo:

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