Short covering, and actual big money buying,
are driving Friday's 10/21/22 rally, and bearish short traders
are obviously being made to pay the piper for being on the wrong side of today's market.
That is why a "GTC "STOPS" are always a trading necessity, in case you are proven wrong by the market.
Chart wise, there now appears the potential of a "Weekly Double Top"
at the 3760 area,that looks to be be held over the coming weekend.
Traders are advised to consider position squaring into the weekend,
as "short term momentum" has definitely swung in the bullish direction.
SPX Last 3750.
THE_UNWIND
10/21/22
Woods Of Connecticut
are driving Friday's 10/21/22 rally, and bearish short traders
are obviously being made to pay the piper for being on the wrong side of today's market.
That is why a "GTC "STOPS" are always a trading necessity, in case you are proven wrong by the market.
Chart wise, there now appears the potential of a "Weekly Double Top"
at the 3760 area,that looks to be be held over the coming weekend.
Traders are advised to consider position squaring into the weekend,
as "short term momentum" has definitely swung in the bullish direction.
SPX Last 3750.
THE_UNWIND
10/21/22
Woods Of Connecticut