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the_sunship
May 12, 2022 11:56 AM

The goal is the 200 weekly MA (SPX500) Short

US SPX 500 CashEightcap

Description

A simple chart. This market has a goal and as far as I can tell it's the 200ma on the weekly. Currently that's at 3473, so around 3500 will get interesting. Yes there will be bounces here and there soon, but honestly there's a vortex of energy sucking this thing down to 3500 where the big whales will have their mouths wide open. Bounces are shorting opps until we get there in my opinion.

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