FX:SPX500   S&P 500 index of US listed shares
465 6 8

Many sub sectors look similar.

Against speed limit.

New top on RSI divergence.

Monthly pivot at 2050.

Gap to close between 2030 and 2010.

Key support at 2010/1990

Volatility divergence: trading 4 vol             higher than on previous lower tops in July14.

Risk: top reslience drift - we are talking 1% per month - Bearable

Related Ideas

maximus71
2 years ago
Start of next year could we hope good correction...allready bearish divergence on Macd...
Reply
YaKa PRO
2 years ago
The Small move band became super narrow...
It can't stay in it too long and it can't move up too far.
snapshot
-1 Reply
maximus71 YaKa
2 years ago
2090 zone is a good sell entree...for me ... Tp 2077-2050
Reply
Such a scenario will not. Sorry.
Reply
YaKa PRO charlie.delta.trader
2 years ago
I went to see what where your proejction and I now understand why you dont see a correction.
Fair enough.. I am following you now by the way because I like to see how people with different opinions structure their thought.

Now:
There is a huge resistance and Your vertical upside scenario is ballsy but possible.

On another note
Nothing is impossible and the market does not care what we think...
My perception is it easier to go back from where we come than break a perceived resistance that seem to retain the market.

Humility
For me: people who use definitive statements lose credibility.
Some humility using "I think" or "i dont believe" or " i would be surprised" etc... would help a lot of people on here.

Best
-1 Reply
greenplay
2 years ago
Missed such a great trade. Following you to see new updates.
Reply
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