SPX Dead Cat Bounce MARCH FOMC PUMP AND DUMP Target 3250

This is still a bear market and all signs point to sell every rally. The trend is your friend until it bends. A down trend is presumed until not. I will continue to short every rally until my last trade fails.

Two key questions I ask myself every time is...

1. Why has price failed to breach into the April's Bearish candle. It has been contained below it for 10 months now. Under the monthly 21ema?

2. Why has price failed twice to even cross into that gap back in August 18th? August 26th it failed to cross into it by even 1 penny. February 2nd it also failed to breach.

1 More question is Why did all these bank failures took place the exact moment the bearish rising wedge broke? Coincidence? I think not.

Nothing about this tells me bullish on anything. More sucker's rallies.

Short term price targets:
3775
3650

Medium Price targets:
3450
3350
3250

Long term price targets:
2750
2280

I believe the bottom could be at 2280 in around February 2024

I drew this symmetrical triangle back in January and what do you Know, On February 2nd, price hit the top and failed exactly.

Comment:

Monthly Chart showing 2750 as multiple confluences

Comment:

Comment:

On the 4 hour in the short term, I do not know where the next higher low will form.

Will it form on rejection of the 4 Hour 200sma?
Will it form on the 1 range expansion of the range?

I think that today's price action was the pullback from the breakout of the range and still have higher prices. Bear Trap in progress. FOMC pump and dump

Comment:

Using data projected from 1968-1980, I believe this is what the market will look like by 2040. Once 2750 is hit by 2024 there will be a face ripping rally to around 5200 before the REAL dump of over 50% followed by a bull run to the upper 7000's

Trade active:

I have entered into a short trade at 3975.00 on the 4 Hour chart

Entry: 3975
Stop: 4025 50 Points
Target: 3785 190 Points

3.8 to 1 is this trade