SPX made a bit of a bounce off the support levels but it's not shown the strong properties I'd have expected to see in the bat D leg or the C leg I spoke of.
All trailing stops on longs hit.
If we can continue to break out to the upside I'll probably have to buy breaks with tight stops but I think the more likely looking setup here is we make a new low.
If a new low comes from the setup we have a butterfly forms just under the last lows. This is a big inflection point. Either a low is made or we trend down strong under it.
This would also agree with the big 1.61 inflection area.
Starting to think I was wrong about the bigger bull trap idea and we might see a break. Back in shorts.
All trailing stops on longs hit.
If we can continue to break out to the upside I'll probably have to buy breaks with tight stops but I think the more likely looking setup here is we make a new low.
If a new low comes from the setup we have a butterfly forms just under the last lows. This is a big inflection point. Either a low is made or we trend down strong under it.
This would also agree with the big 1.61 inflection area.
Starting to think I was wrong about the bigger bull trap idea and we might see a break. Back in shorts.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.