We had a massive breakdown today, it's likely to get a time at mode short signal to confirm on Monday, if we don't retest the blue rectangle above. If not short, you make take positions at the open. Risk 0.5-1% on this entry.
Target is just the support below, but it could retrace after hitting the box target, or after the time projection ends.
Either way, I expect a considerable decline, after seeing a rapid shift of sentiment, right after Yellen's remarks, from massive amounts of bears, to bears who gave up, which gave us the right ingredients for a lasting top.
Disclaimer: I'm/we're long VIX calls, with spreads and out of the money call options, and short SPX via derivatives and equity
Good luck!
Ivan Labrie.
Target is just the support below, but it could retrace after hitting the box target, or after the time projection ends.
Either way, I expect a considerable decline, after seeing a rapid shift of sentiment, right after Yellen's remarks, from massive amounts of bears, to bears who gave up, which gave us the right ingredients for a lasting top.
Disclaimer: I'm/we're long VIX calls, with spreads and out of the money call options, and short SPX via derivatives and equity
Good luck!
Ivan Labrie.
Nota
The shorts look good.Pubblicazioni correlate
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Pubblicazioni correlate
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.