The major price peak, or "Top" created in the S+P 500 on Sept. 2, 2021 at 4545,
is clearly defined,and importantly for this analysis is still "undisturbed" by this weeks sharp rally.
( See Attached Chart )
The "top " stands out glaringly, almost like a Mount Rushmore peak unscaled.
As I've updated my charts this weekend, I've had to reconsider the implications of this pattern.
Tonight, I am updating my market opinion to "Short".
The rip your face off stock market rally of this past week,
has created renewed bullishness,
that could have significant "all in again" bearish implications,
should the market reverse itself unexpectedly,.. to the downside.
SPX Last 4471.38
THE_UNWIND
10/16/21
Woods Of Connecticut
is clearly defined,and importantly for this analysis is still "undisturbed" by this weeks sharp rally.
( See Attached Chart )
The "top " stands out glaringly, almost like a Mount Rushmore peak unscaled.
As I've updated my charts this weekend, I've had to reconsider the implications of this pattern.
Tonight, I am updating my market opinion to "Short".
The rip your face off stock market rally of this past week,
has created renewed bullishness,
that could have significant "all in again" bearish implications,
should the market reverse itself unexpectedly,.. to the downside.
SPX Last 4471.38
THE_UNWIND
10/16/21
Woods Of Connecticut
Using today's rally to "Accumulate " additional Short Position !
As a trader, I use rallies, when price will often go against me
a short, to enter a trade and carry, at prices that when the market does fall
were significantly discounted, and allow a very profitable trade to occur.
SPX Last 4515.28
THE_UNWIND
Woods Of Connecticut.