I see spx500 going to 3400 level.. we seem to be rejecting off that Ob + Breaker and it wicked nicely today (11/1/22) Could we see bearish prices to take all those previous lows? We already took a substantial amount of BSL and it seems like we are building a lot of bearish momentum at the moment. We do have NFP this week so we must remain mindful to be careful and to take it slow... I do have a setup in mind that I am waiting for and am getting myself mentally prepared for if it were to happen this week. I could see them use NFP to melt markets away to 3400 before end of year.
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4:1 Sell Idea for SPX on 11.2.22 - Retracement at 9-9:30 for re-entry if first entry eas missed at 8:30 am --
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0.618 from 3870 are was literally midnight open as well.. wow -- so many things are clicking for me. Beautiful trade occured with FOMC at 2pm... wish I was on the charts to catch it but its okay!! super excited for next trading week.
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Tapped Daily OB and Breaker and held support for higher prices.. 3400 level invalidated for now.