Teklologist

Spx: Too Easy

Short
Teklologist Updated   
SP:SPX   S&P 500 Index
Published via mobile. Trade based on your risk tolerance.
  • EW count of price using fib levels from 1974 to present.
  • Quarter closing tgt $3130-$3150
  • Black Swan could bring recession early causing quarter to close far below target.
Comment:
Sharing a comment that I made in chat today:
Downturn could come as early as 2 Dec - Tvix 10-to-1 and Viix 5-to-1 reverse swaps. Historically, these swaps have come at market decision points with only bear traps. However, could be the real thing this time around.
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