SPX500 Aother Bat Coming

FX:SPX500   S&P 500 Index
3021 9 77
SPX500             Aother Bat Coming

The previous BAT is very successful
Reversed nicely from 2100 to 1800

Now there is anther BAT completing at 2051.60
Watch closely of this level
Look for Price Action and RSI to enter

Nice Drop
Now is 2029
+200 pps
To lean Trading like Jack:
Weechat ID: 32114564
Sir, any idea about this trade. Thank you
Brilliant Jack :)
Nailed it, the two days ( 3/17, 3/18) following the time of this chart post, show it playing out spot on to the tip of the bat wing. One singular indicator, among many, that also screams reversal is the " ultimate oscillator" . Rarely does UO go to OB as it has recently, but when it does, and touches OB multiple times in the same move, the path it abruptly takes there after is to Oversold. One other point on the 20 year monthly SPY chart, the lower BBhas never touched the 27 EMA, the two lines are now closer than ever, and that will correct itself, as it did in January when the lines were extremely close. That fractal is of course very large in scope, however the moves of the lower BB w relation to the 27 EMA have proven out time and again.
If this setup is successful, his sell target was off by less than a point based on today's SPX intraday high.
+2 Reply
tntsunrise TOP RisknVolatility
+1 Reply
tnt- your charts are so good have to say!! You must be a very harmonic guy- ha! But truly tx for sharing-pedro
What do you think about today's wick up to 2051.5?
that's a really nice price action for short
wow, that looks nice... how do you determine if the rally is going to end and start a new downtrend? what is your RSI number? thanks
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