DaddySawbucks

SPX Bull Wedge Forming

Long
TVC:SPX   S&P 500 Index
Near short-term bottom IMO

Not advice; trade ur own risk; GLTA!
Trade active:
Went long on the 3-wave selloff Fri pm
Trade closed manually:
Calls went ITM, closed for the weekend, GLTA!
Comment:
Closed right at the descending TL; might be one more weak selloff Monday IMO; or breakout could start at the open, pure gamble, best to wait, see.
If it gaps up, can play Fade the Gap, or just watch for an entry for longs.
If gap down, buy it IMO
Comment:
Decision point, double bottom or just a step on the path lower? IMO 3220 likely
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.