Market back to top.
Now: Mellow breakout or last dive down before rebound?
If you want to buy (not my stance), I suggest not to tolerate closes below 2100 (21d ema).
If you want to sell (my stance), you have 2 stops strategies: Tight (2127 on close) and strategic (2180 pain on close).
Ultra tactical : short 2111 stop 2127 on close. tight but may work
Note 1 : In Europe, Indices are close to a bottom or did a bottom last week, so this correction call is really the last chance and is probably for this week in capitulation mode.
Note 2: At the Upside extreme, with my calibration, SP500 "can't" be higher than 1205 on the 19th of June.
Now: Mellow breakout or last dive down before rebound?
If you want to buy (not my stance), I suggest not to tolerate closes below 2100 (21d ema).
If you want to sell (my stance), you have 2 stops strategies: Tight (2127 on close) and strategic (2180 pain on close).
Ultra tactical : short 2111 stop 2127 on close. tight but may work
Note 1 : In Europe, Indices are close to a bottom or did a bottom last week, so this correction call is really the last chance and is probably for this week in capitulation mode.
Note 2: At the Upside extreme, with my calibration, SP500 "can't" be higher than 1205 on the 19th of June.
