dereckcoatney

Present Thoughts on SPX

Short
TVC:SPX   S&P 500 Index
I think we may just have concluded our second counter rally. We should start moving down now.

The first counter rallies, are the very sharpest, and these were certainly doozies.

Sharpest rallies happen in bear markets, not in bull markets.

Comments

Well, these "counter" rallies are certainly fooking me and wiped me out. Thanks for the analysis regardless
+3 Reply
It is do simple to follow your ideas. I give you that
+1 Reply
Yea man, I’m inclined to agree. That 6W peak downtrend should pull down Price. Increasing steepness from strong 2Y peak downtrend.

Also have rising wedge and megaphone structures still at play pushing right into heavy resistance...
+1 Reply
short NASDAQ, oil now ""
Reply
good work
Reply
Good job
Reply
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