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MohsenCapital
Jul 11, 2020 12:40 PM

Don't forget Gaps  Short

TVC:SPX240
S&P 500 IndexTVC

Description

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Traders,

Here we have SPX on 4h chart.

We have:
1- Overbought on RSI will lead to bearish divergence in the next few days to fill the gap before the black day of the crash.

2-Double bottom chart pattern that had broken neck line with TP 3231 "Nice level to resist this bull run.

3-After confirming Bearish divergence on RSI will have Major support at 89 MA and lower one at 200 MA which is located at the first GAP of Mid May

If it all goes well I'll update this idea Like if you want updates.

Regards,

Comment

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Chart PatternsOscillatorsMoving AveragesS&P 500 (SPX500)SPX (S&P 500 Index)spx500shorttvcontestTVCStocks
Comments
stealthy1234
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Gaps are my target too. Eventually, they have to get filled.
MohsenCapital
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@stealthy1234, probability not certainty
VulcanoRosso
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@stealthy1234, technically yes , but sometimes it takes years even decade to refill. so becareful playing with those. :)
stealthy1234
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@VulcanoRosso, No doubt. I wouldn't expect a rapid decline to those levels, but I do feel we will be there within a year. The global economy is not healthy, no matter how much governments try to convince us otherwise :)
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