the_sunship

SPX - one more low - and away we go!

Long
the_sunship Updated   
EIGHTCAP:SPX500   S&P 500 Index
Rally next week, target 3900. That fills the gap area and get's everyone excited again before the next leg down.

Tomorrow should be ugly but at some point there may be a reversal. If not, then Sunday/Monday. Collecting more longs gradually.
Comment:
Objective short for spx with stop above last high
Comment:
Trendline break, maybe retest at open, maybe not.
Comment:
Futures already started an impulse, expect open to pop up for C then heavy selling rest of the day
Comment:
Should be it, if not above the trendline is bullish.
Comment:
retest of trendline, looks bullish but no confirmation yet. above 3710 and it will likely be bullish.
Comment:
rejection so far.....
Comment:
SPY broke downtrend, watch for rally into EOD

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