This is my long-term overview of SPX500 on a Wyckoff point of view
I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Hi @omriey, absolutely yes. Maybe the bearish movement is already started, but I'm on a short overview until 4240 level is broken. Thank you
omriey
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@TradingKitchen, thank you for the reply mate.
looking at the graph it seems to me that the sp500 is still in up trend channel actually, at least for now. might flip at 4240-45.
that is a scary idea so ill make sure to keep my eye out.
thank you
kitchen_trading
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@omriey, On a Daily point view absolutely, we are bullish. But the short time overview suggests me to look for a short trade (due to that the lower low at 4040). I will short on 4220 but only with a bearish evidence on a lower timeframe
omriey
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@TradingKitchen, agreed.
still today seems that there is no clear direction. very weird times indeed
i was wondering , do you still hold to your idea?