YaKa

SP500 - Minimum target reached. Took Profit - Watching

FX:SPX500   S&P 500 index of US listed shares
547 16 5
If it falls from here, it s gonna be frustrating.

there is 5 waves down, 1995 is key support and Draghi is supposed to announce something in 2 weeks....

the rebound could start from here or early tomorrow.

THE YEARLY PIVOT IS: 1967. If it closes below that, It is very dangerous for longs, especially if the current buy signal has failed.

Dream scenario: a new top after draghi, that I would short in max size again. but this time it could go much lower.

Related Ideas

Geert2000 PRO
2 years ago
Time projection on SPX
----SPX has 2 more days to set a bottom,after that it goes up again---
+1 Reply
YaKa PRO Geert2000
2 years ago
Well - I have no clue here maestro. There is a buy signal but there is large collapse coming in the next few months and it could be now... so I took profit and I watch for now. 1 or 2 days here bottoming is not impossible.

There is definitely support in the area...

I am virtually long as i d like to reshort higher... If i miss the big short.. P.ta vida..
Reply
YaKa PRO Geert2000
2 years ago
WTI is an inch from the linear support... 44/47 is important support.. maybe they all jump from here.
Reply
jangseohee YaKa
2 years ago
continue further down and we could revisit 39!
Reply
jangseohee Geert2000
2 years ago
at least a DOJI/ high spin wave candy/ inverted hammer with DOWI showing big volume as a gesture
Reply
jangseohee
2 years ago
when ATR peak out, market made a bottom (temporary/major/all time low), except april 2000
snapshot
Reply
YaKa PRO jangseohee
2 years ago
Good note. 2000 was a magnified bubble, the amplitude on the way up was as large was larger than the way down.. Interesting/crazy... the amplitude is increasing, are we going to 5000 straight? maybe i got it wrong:)
Reply
afbitcoins
2 years ago
What goes up must come down ;-)
Reply
jangseohee afbitcoins
2 years ago
it might take a long time to come down xD
Reply
YaKa PRO jangseohee
2 years ago
what made you change your mind JangS?
Reply
jangseohee YaKa
2 years ago
what i mean is big picture, short term is volatility but long term those small ups and down are noise
Reply
YaKa PRO jangseohee
2 years ago
There a possibility the rally will never stop for the next 20years... we need to keep this in mind.

a 20% correction is a possible scenario.
A continuation without easy entries is the pain scenario and is also possible....
Imagine if 1950 holds this year.... it could go to 2350 without breaching the top line
+1 Reply
jangseohee YaKa
2 years ago
snapshot

if rebound happen, would the resistance holds? Keep finger cross
Reply
YaKa PRO jangseohee
2 years ago
Base scenario right now: spx 2120/2150 in feb/march.
Reply
jangseohee YaKa
2 years ago
after 22 Jan
Reply
afbitcoins YaKa
2 years ago
New paradigm!
Reply
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