Take profit and comeback in January. Short

S&P 500 IndexTVC

Description

⋅ Nov 30, 2022 3:49 PM

Everyone is waiting today on the feds policy speech. Speech is likely negative, traders taking year end profit.

Its been decided IMO.

Comment

⋅ Dec 1, 2022 2:41 PM

There is still room if it wants to potentially max out at 4140 but taking profit and walking away for the year is what I rather do.

Chart Patterns

Comments

Solldy

⋅ Dec 1, 2022 8:50 AM

A very interesting publication. Thanks to the author for the work! As I understand, the idea of the publication came after the last news on the asset?

MrPipa

⋅ Dec 1, 2022 3:16 PM

@Solldy, No the idea came from tapping into the 4000 range.. I cleared out my holding last Thursday.

The title is a bit misleading, I should of said mid Q1. I expect next quarter earning to lead to this bottom.

Just got to be patient and wait it out.