WallStScalper
Long

Possible Bearish Bat "Relief"

FX:SPX500   S&P 500 index of US listed shares
spx
1192 11 20
spx
Possible Bearish Bat

It's the most conservative pattern.
Ultimately this patter could go as high as to retest ATH             and even a little bit higher... but one thing at a tim

Trade What U C
@WallStScaloer

Music at the charts: Relief
https://www.youtube.com/watch?v=_d0skHklvts
https://open.spotify.com/track/2609RIJikN3reXDeJjw4gu
YES! This will make a perfect short.
+1 Reply
WallStScalper PRO JohnKeverich
Yes IF bears are the strongest... I expect a retrace at the minimum at that handle... but lets see at that time... would then be a nice short though.
+1 Reply
I'm feeling one more 30+% correction (recession) here...looking out months. I do think that your first target would be a worthy candidate for a short entry, though.
Reply
It's a pattern .. If a short comes around... I short it to the ground... or stay long...time will tell
+1 Reply
That's really high for a wave 1 retracement. If that happens we might go sideways and not sharply down.
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IvanLabrie PRO IvanLabrie
Btw, long might be about to pay off.
Reply
If you consider the monthly chart I made yesterday.... it seems fair
+1 Reply
Arrived at target ...now retrace https://twitter.com/WallStScalper/status/636627984582082561
+2 Reply
IvanLabrie PRO WallStScalper
Great!
Hopefully it does so I get my fill for a short.
+1 Reply
I'm a big fan of you charts and skills. Very nice
+1 Reply
Thank you for you kind words
+1 Reply
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