This update works only if we wont flash crash tomorrow from the open or even pre-market.
Next week is a directional change week!
If we hold 3636-40 on closing level it will be quite bullish imo.
But I still think we will deep down to 3588SPX before it finds a good bottom.
Timing is limited for Mon/Tuesday am only, so tomorrow's action is very important.
I think we bottom either tomorrow or Tuesday. Regardless of that low Im going to watch Tuesday higher daily close to mark temp bottom.
Ideally we see 3960SPX on the move up by early Oct. But it can be limited to 3830SPX
Going to start buying tomorrow if we hit 3636-40SPX and add at 3588SPX.
My pathway is this:
- bottom on Tuesday
- up move into 3rd/4th
- down into Oct 7th
Dont get trapped with shorts next 2 days!
Next week is a directional change week!
If we hold 3636-40 on closing level it will be quite bullish imo.
But I still think we will deep down to 3588SPX before it finds a good bottom.
Timing is limited for Mon/Tuesday am only, so tomorrow's action is very important.
I think we bottom either tomorrow or Tuesday. Regardless of that low Im going to watch Tuesday higher daily close to mark temp bottom.
Ideally we see 3960SPX on the move up by early Oct. But it can be limited to 3830SPX
Going to start buying tomorrow if we hit 3636-40SPX and add at 3588SPX.
My pathway is this:
- bottom on Tuesday
- up move into 3rd/4th
- down into Oct 7th
Dont get trapped with shorts next 2 days!