• The SPX did correct to the 21 ema, exactly as we expected in my previous analysis (link below this post, as usual); • Now it is going up again, trying to resume the bullish sentiment, but in order to confirm that, it must break the red line at 4,015; • If the SPX breaks this red line, it’ll trigger a pivot point, and in this scenario, the next resistance around 4,100 is the next target; • What could go wrong? If the SPX fails in breaking this red line, and loses the 3,889 again. That could be a Double Top chart pattern; • As long as it stays above its support levels, it’ll be fine, but a true reversal would only come if we trigger the pivot point; • I’ll keep you updated on this.
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I don’t see anything in the previous link that claims you expect SPX to fall to the 21ema. You state that that would be resistance that needs to hold. At the end you state that the index is in no man’s land. Where was the conviction that it was actually going to fall to the 21? It was a mentioned scenario but I find it a bit disingenuous to claim it is exactly what you expected
Nathan_Black
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@AngelPilot, If "pullback ahead" on the title, in addition to what I wrote wasn't enough, then ok. Think whatever you want. Have a good day.
AngelPilot
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@Nathan_Black, So, I am not trying to fight here. I should have worded my comment more carefully. I am a paying sub, and trying to parse the commentary to make the most of your research. On the eve of the 24th you wrote “ SPY is still bullish and there’s no clear top sign on it yet - maybe a possible short-term reversal structure;” Then you listed some possible scenarios, of which a pull back was one, then finished with the following. “For now there is no technical evidence pointing to a reversal.” That was the 24 market close commentary. According to Trading View, on the Jan 25th you posted with the title “Pullback ahead”. Yes, I don’t know what time on the 25th this was written but the email came in 7 minutes after market open. The pullback was well underway, not ahead. Yes, the support was correctly identified, but I still don’t understand how you can claim that you expected the market to hit the 21ema, especially in light of what you wrote at close on the 24th. It was just a possibility according to you at that time. So, was there something on the close of the 24th commentary that should have prompted me to go short at that time?
ositrades
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@AngelPilot, Haha that's how you play with words. Never give a definite bias so you can play on both sides in the next post. In hindsight, everything seems aligned :) He does state very clearly his support and resistance levels, so you really just go with that - ignore the daily HIT TARGET (with a target emoji).
Nathan_Black
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@AngelPilot that's a good question. However I can't talk about the private insights I share on our newsletter here on comment area. I'll happily explain to you, in details, my own insights if you address this question to my email, ok? Here I just offer strategies and key points for different scenarios, totally unbiased.
AngelPilot
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@Nathan_Black, I wrote your private email. Did you get it? Not sure what your email is. I just responded to a market dive email.
@ositrades in my public analysis I just share key points and strategies, as I want to believe you would make good use of it. Sadly, as Livermore said: “I believe the public wants to be led, to be instructed, to be told what to do.” Even "pullback ahead" wasn't enough. Have a good day.