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the_sunship
May 7, 2022 2:03 PM

SP 500 sell in May and GTFO Short

SP:SPX1D
S&P 500SP

Description

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Updating my idea on SPX after Friday's session. Expecting a large gap down Monday to start the impulse lower into mid June. 36-3500 target. Target is previous resistance trendline and log scale trendline area.

Comment

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weekly chart -

Comment

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Bounce to 4100 before the the volcano blows and the lava runs to 3500
Trend AnalysisChart PatternsSPDR S&P 500 ETF (SPY) SPX (S&P 500 Index)S&P 500 E-Mini Futures
Comments
alexcroft0
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Gap down sounds good to me. I can see it playing out this way
the_sunship
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@alexcroft0, very similar setup in 2008 after Fed meeting, will post a chart later.
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