Notice how we have tapped 4600 which an extreme overbought level. SPX must retest a lower level of 4380-4330 and if it does not hold it should freefall to 4200 in prep for Q4.
SPX has been in a bullish outbreak since march 2023 with only a slight dip in june 2023.
a correction is due.
I am using
SPXS as the inverse of this play.
I do have a sentiment which is: when the Dollar is up, stocks are down and VICE versa.
We are noticing incoming strength from DXY which is causing a shorting of SPX and other index + stocks.
Trade wisely
SPX has been in a bullish outbreak since march 2023 with only a slight dip in june 2023.
a correction is due.
I am using
SPXS as the inverse of this play. I do have a sentiment which is: when the Dollar is up, stocks are down and VICE versa.
We are noticing incoming strength from DXY which is causing a shorting of SPX and other index + stocks.
Trade wisely
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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.
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.