S&P 500 further downside to the 1800 value area in late May 2020
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If today is the top of the corrective wave, then we can establish a Fibonacci extension from the all-time high, to the most recent major low and then to today's top. The 0.786 Fibonacci extension level is within the same value area as some important prior market swing lows.
A new Impulse Wave lower over a 49-day period towards the 2k value area is a very likely scenario.
May 26th, and a few trading days before and after, represent a likely stopping point for a move higher.
May 26th is 96 days (90-day cycle) from the all-time high.
May 26th is 49 days (Death Cycle) from today's minor swing high.
A new Impulse Wave lower over a 49-day period towards the 2k value area is a very likely scenario.
May 26th, and a few trading days before and after, represent a likely stopping point for a move higher.
May 26th is 96 days (90-day cycle) from the all-time high.
May 26th is 49 days (Death Cycle) from today's minor swing high.
Trade attivo
Bearish Divergence between the RSI and CI while the %B is ready to stage the 0.8 level. Trade attivo
4-hour, wick-less candles, rising wedge. If it spends a good amount of time above the wedge, we may see a flash drive higher, thereby nullifying any short continuation setup from this trade idea. Trade attivo
Added 5 contracts short @ 8212
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