I tweeted on 22 Oct when SPX is at 3422, we will see a down before end of year to 3140, 3062, 2888.
I called a possible pullback yesterday (29/10) in #NDX. Pullback occurred. When everyone is bullish, news out. Market tanked 300 pts - just at the hit of my R zone (see my other #TradingView post). So where next?
I am bearish longer term but intraday, we MIGHT see price go up today. Yesterday's daily candle was a doji. Price action wise, going up 1st looks more likely. It is not easy to call another up day when a pullback has already happened. But I shall.
3267-73 is support zone. Going long here with a tight stop below 67 offers good R:R, targets are 3295, 3323, 3331, 3355. If some news cause some rally, 3363 should cap high of day. Low risk sell level.
If you are conservative, close above 3295 will provide confirmation for a up day.
If 67 breaks, target 3249, 3212.5. 3185 should offer strong support to cap down move.
I called a possible pullback yesterday (29/10) in #NDX. Pullback occurred. When everyone is bullish, news out. Market tanked 300 pts - just at the hit of my R zone (see my other #TradingView post). So where next?
I am bearish longer term but intraday, we MIGHT see price go up today. Yesterday's daily candle was a doji. Price action wise, going up 1st looks more likely. It is not easy to call another up day when a pullback has already happened. But I shall.
3267-73 is support zone. Going long here with a tight stop below 67 offers good R:R, targets are 3295, 3323, 3331, 3355. If some news cause some rally, 3363 should cap high of day. Low risk sell level.
If you are conservative, close above 3295 will provide confirmation for a up day.
If 67 breaks, target 3249, 3212.5. 3185 should offer strong support to cap down move.
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