The big bear candles filled all my short targets and I'd set some pending orders to buy into a following spike.
We did get a big bounce off the buy entry zone but I find it a bit suspicious for a possible bull trap.
If it is, this is the likely area it ends now. Exited longs and took some shorts yesterday at 6040.
If this was Elliot waves, would forecast a big move. A drop of about 8% to 5500.
Do have to see strong selling to evidence the EWs.
We did get a big bounce off the buy entry zone but I find it a bit suspicious for a possible bull trap.
If it is, this is the likely area it ends now. Exited longs and took some shorts yesterday at 6040.
If this was Elliot waves, would forecast a big move. A drop of about 8% to 5500.
Do have to see strong selling to evidence the EWs.
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.