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NinjaTradingServices
Apr 11, 2021 1:07 PM

SP500 HISTORICAL ANALOGUE POINTS TO CRASH Short

E-mini S&P 500 FuturesCME

Description

So we hit the 4080 level which is the most extreme point the reversal can happen. I predict we will start to drop this coming week.

What I will be waiting for is a STRONG impulse to the downside on the 5 minute and then WAIT for price to bounce, that is where I will look to enter.

Reasons for Bias:

Volume and price divergence
Parabolic moves dont last, price over-extended
Historical analogue points to bear crash.
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