SPX short targets, ie support levels
Our next upcoming short target is 4300, below that I have marked targets all the way down to 3665, ie where we were a year ago. Of course we will bounce off many if not all these, there will be "up days" like yesterday (and now in Globex we are already well below yesterday's "gains".
If you like the kind of High Profit, Low stress trading I am trying to teach focus on no less than 5" candles, and definitely check hourly (which is what I recommend for tracking The Pivots, Daily, Weekly. Watching 1" or 3" candles is a stressful way to live, I understand the word "trend" can be used even on a 1 minute candle, but historically we talk about trends like the one that began at all time highs, and at the "triple thrust" Elliot Wave pattern.
Another tip if you want to do low stress trading is don't try and go long on the corrective waves, especially wave 2 which is a small simple ABC like we had yesterday. If you want to relax and enjoy long profitable moves focus on the complex, impulsive moves down... Remember if you started trading after 2008 you have never seen a Bear Market, buying the dips is going to be painful, stressful, and you will get stopped out with a loss or small profits.
If you want to go long, buy SPXS at R4 on a 60 minute chart.
If you like the kind of High Profit, Low stress trading I am trying to teach focus on no less than 5" candles, and definitely check hourly (which is what I recommend for tracking The Pivots, Daily, Weekly. Watching 1" or 3" candles is a stressful way to live, I understand the word "trend" can be used even on a 1 minute candle, but historically we talk about trends like the one that began at all time highs, and at the "triple thrust" Elliot Wave pattern.
Another tip if you want to do low stress trading is don't try and go long on the corrective waves, especially wave 2 which is a small simple ABC like we had yesterday. If you want to relax and enjoy long profitable moves focus on the complex, impulsive moves down... Remember if you started trading after 2008 you have never seen a Bear Market, buying the dips is going to be painful, stressful, and you will get stopped out with a loss or small profits.
If you want to go long, buy SPXS at R4 on a 60 minute chart.
Comment:
I am not trying to share the performance of MACD or any of my indicators, these come up as part of TV Published ideas. Most Indicators look at the past, IMO only Elliot Waves have a 80% chance of showing us the future, like the Triple Thrust pattern that has rewarded us with 200 ES points so far.
Please check out Kauai Dave Pivot Traders on youtube. www.youtube.com/channel/UCNpY7S_s1cxw0cer4PyEEMQ