S&P - A good drop

FX:SPX500   S&P 500 Index
1570 15 48
I'm not short in this one - still holding LABU- just happy because we will get a fantastic buying opportunity next week. I can hear the bears again calling the end of the world.
But it's nothing just a good drop.
I'M not waiting for more than 2 days of drop. So most probably it will be end on Tuesday or Wednesday the latest.
It seems the unlimited buyer is fed up with buying.
So a healthy correction down to the breakout (2113-218) it is also the FIBO 38.2 level of this last daily cycle.

Today we are tagging the FIBO 23.6% level. Check out volume: it's not a breakdown volume . RSI already has hit the DCL levels. So I suggest caution for the shorts. Don't wait for a deep correction.
ELections are close. Stocks market are not crashing 2 months before US elections.
Take profit and run. Or you will get caught in the upside breakout.
There is a HUGE bearish divergence on RSI on monthly chart..
2100.5 was touched at S&P futures. It was scary...
What do you mean by breakdown volume?
I like to follow you chartwatcher. I can not select. I am new but see already that you will be one of the best mentors. ;-)
Keep holding LABU I will keep holdind LABD and YVXY..
Agreed this is not a terminal event.
What if its just 1 day drop and Monday they´ll start creating the steps to the moon ? New week, New Cycle !!
Oil is going to decline for 1-2 days ? Can actually tag again 43$, great opportunity again! Thank god I was late this month.
Thanks for this Arpi! A couple of us were just thinking about SPX just before you posted. Glad we're looking at the same things you are!
Sounds good,master.
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