BULLS NOT FOUND. 85% CHANCE S+P SIGNALS DOWN. Short

S&P 500SP

Description

⋅ May 4, 2020 10:31 PM

Taking a walk through the chart with an open mind...
Bull did not show up on an UP OIL day.
Bear Setups lurking in the woods.

Could this be the last entry zone before the capital flows out of the SP at a rapid pace?

We explore the fundamental signals, the 2 possible entries, and the mental side of holding onto a position in the red.

IF you are looking for more than hype and colorful charts, here it is.

Holistic and Multi-Disciplinary approach to this opportunity in the SP.

Beyond Technical Analysis

Comments

ryannisbet1

⋅ May 4, 2020 11:12 PM

Thank you. Interesting

ryannisbet1

⋅ May 7, 2020 8:21 PM

@MIAM1 punches are flying

Erica_123

⋅ May 5, 2020 11:52 PM

Thanks, great info, well spoken!

MIAM1

⋅ May 6, 2020 2:37 AM

@Erica_123, thx so much =)

jasonwaynelee

⋅ May 5, 2020 6:53 PM

I went short yesterday and added again today .. looks like the right shoulder coming in quick!

MIAM1

⋅ May 6, 2020 2:38 AM

@jasonwaynelee, scenario 1 is in play...2900...but that end of market sell off...doesn’t look as good for another push up to 2940ish...lets hope we get it.

jasonwaynelee

⋅ May 5, 2020 6:52 PM

whew.. come on bears!

Petrichor_

⋅ May 5, 2020 6:04 PM

Is any of this invalidated based on price action today? High 2880's into 2890's?

Petrichor_

⋅ May 5, 2020 6:06 PM

@Money2020_ET, tried to delete my comment after continuing to listen to the video. Right shoulder forming this week, got it. :) Great analysis, thank you!

MIAM1

⋅ May 6, 2020 2:39 AM

@Money2020_ET, We were expecting a few slow up days...the trade plan had entry at 2900ish and 2940ish...
I am awaiting the 2940ish...least amount of risk