Update to 
Strong initial reaction. There's a big difference between reaction and reversal, and I'm forecasting reversal in the 161 trade if successful. But reactions always come first.
Usually we'll retest here before any major move. It's not important to the overall thesis that market dumps hard from 161, but for practical trading this where I am looking for new short entries.
Ready to jump on bear momentum breaks if rally fails. If it succeeds, big chance to position into the 161 retest. Maybe this was just the smaller of the reactions.
Strong initial reaction. There's a big difference between reaction and reversal, and I'm forecasting reversal in the 161 trade if successful. But reactions always come first.
Usually we'll retest here before any major move. It's not important to the overall thesis that market dumps hard from 161, but for practical trading this where I am looking for new short entries.
Ready to jump on bear momentum breaks if rally fails. If it succeeds, big chance to position into the 161 retest. Maybe this was just the smaller of the reactions.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.