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tommyboxfx
Nov 24, 2022 9:50 AM

Close to the crucial level! Short

E-mini S&P 500 FuturesCME

Description

Hi there
Decline always come faster than climbing, be ready for this!
Breaking the crucial level to the upside is also possible but I am voting with higher probabilty for decline in this case!

Good luck traders

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last stage

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Es1,SPX,S&P500 cash CFD ! Same players in same game

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Back-test level is reached

Nice point for starting a new strong decline!

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Warning!!!
It can be a Black Friday

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USD
CPI m/m
0.1% 0.3% 0.4%
USD
CPI y/y
7.1% 7.3% 7.7%
USD
Core CPI m/m
0.2% 0.3% 0.3%

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Stop grabbers often happen in wave D and wave E so if the price returns inside of the wedge be sure it was just a stop grabber! For breakout we need a little more of this

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market is always tricky so here is one more possibility

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Situation is little complex.

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Comments
DeGRAM
Thank you for sharing your analysis.
FreddyFutures
Question for ya... how do you post updates with a picture? do you just copy the picture link? I can't seem to find it anywhere
tommyboxfx
@T-Freddy, Hello!Copy link to the chart image
robed1
This is it! Staying on the sidelines for this disaster of a market.
Peterson
Fundamentally speaking, Today Powell exposed that he is totally out of his league, any miniscule suggestion of relief and the market takes off with it lol. The Bonehead Powell should throw .75 in Dec. to prove he means business at least temporarily, but he won't, making matters worse. Data dependent will not cut it. A behind the curve metric is a losers gambit.
tommyboxfx
@Peterson, Thank you for very clear arguments!
UnknownUnicorn15614419
Beautiful chart, my friend! This idea should definitely work, I'm sure)
Solldy
Great publication. Graphic analysis as if from textbooks. You can see that you have worked through several timeframes, the older timeframes also confirm your arguments. Thank you for your work!
Tradersweekly
Thanks for your view.
tommyboxfx
@Tradersweekly, you are welcome
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