SP500 key top support tested at 1977 / 1972

FX:SPX500   S&P 500 Index
277 5 4

if 1972 retains it can go back to do a very marginal top next week (I dont think but in the spirit of things)

If 1972 is broken, there s a gap at 2010.

Then the area of support is 1990 (important).

I am positioned for a move to 1930 and a change of dynamics (speculative and before the facts)

After the facts is too late so I prefer to be short in an area that feels comfortable. Hoping to have a good perception (ie the top line remains unbroken)
W-X-Y and UP

YaKa charlie.delta.trader
saw that. ok, short for the next few days and let's see if 2040 retains.
-1 Reply
YaKa charlie.delta.trader
Charlie good to have your view. You may be right.
There is something going on with the vol (check my post: vol knows before).. I am not sure if this telling or not but it adds to the idea that smart money is protecting since June and not capitulating.
-1 Reply
YaKa prospect88
:) yes.. my brains looks lower apparently..
-1 Reply
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