Shorting SPX from $3900-4000 area to $3400-3600 area.
SL $4125
TP1 $3625
TP2 $3455
SL $4125
TP1 $3625
TP2 $3455
Comment:
Sitting currently inside my area of interest. Opening short at $3968
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I just drawn better the trendline. It seems SPX got rejected. Let's see how the week goes by.
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Just published an idea for 2023 on SPX and BTC
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Within this week some bullish momentum could be building. We should watch closely weekly candle closes.
If the bullish momentum starts (I expect it would be short time frame), then we could expect something like this:
If the bullish momentum starts (I expect it would be short time frame), then we could expect something like this:
Comment:
Bouncing and following the red path for now.
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Tested 2nd purple box, and SPX dropped testing the previous resistance (now a support).
Let's see if SPX will bounce from here or follow entirely the red path, confirming the bull trap scenario.
Let's see if SPX will bounce from here or follow entirely the red path, confirming the bull trap scenario.
Comment:
Testing the trendline. Let's wait for the macro-trend and see if we will follow red path fully.
