martinex
Short

TIME TO CHANGE the MAIN TREND ...

INDEX:SPX   S&P 500 Index
1180 6 9
... with Lower Low ? in a building channel ?

or

Just another SCARY period ?

We'll see all soon.

Good Luck !
martinex
2 years ago
After todays close we can officially call the Lower Lower as idea predicted ... freeride to follow next , ENJOY.
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martinex martinex
2 years ago
On the level around 1991 we can see a possible inv H&S ...
snapshot
that is why took the profit here on all shorts and sit sidelines ... No hurry now to get back in shorts , nor go long however ... let's observe
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martinex martinex
2 years ago
Taking profits was perfect move yesterday near session lows ... but what can we see now :
snapshot
- uptrend line did not let the marekt go higher and below 2010 shorts are back in the game ... three times support tested is a wonder , fourth time should make a charm ;) expect 1970/65 as a next pitstop. Good Luck !
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martinex martinex
2 years ago
There was a new daily low , but 'Return of the Jedi' occured ... now chart will tell us all
snapshot
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martinex martinex
2 years ago
and here is the picture I wanted to see on this up move : https://www.youtube.com/watch?v=gBzJGckMYO4
another LH ... so new LL should follow.
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martinex martinex
2 years ago
Let me say this ... I was assuming the building a downtrend channel - but we can also call the last moves as a Bear Falg
snapshot
- if this is so next move we should see to the down side with target around 1920 at least ... IF we loose 2064/5 to to up side then the idea will be busted and SL triggered. Now we have to just wait.
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