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Hawckshead
Apr 30, 2022 12:21 PM

My thoughts on the SPX Short

US SPX 500OANDA

Description

The 3 orange lines are fib retracements. The upper white trend is the long term trend line. We broke the first fib on the weekly candle close. I flipped and mirrored a fractal to see the possibility. Bear cases are China supply chain, high inflation and Russia Ukraine BUT always be ready to change bias.

Comment

And one more thing. The death cross on the monthly MACD.
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