SPX - Doing what she likes, S&P500, SP, US500

Called the Long position a couple of weeks back. It's now set up nice for a drop. Not taking it immediately, should wait for a confirmation. The end of the cycle is here, the DXY is down on it's knees. So it's going to pullback.

Looking at the pattern on the chart itself - we have a great W formed and Stochastic is overbought. We still have a false bar in the stochastic, so it's going to bounce a little higher before the real drop from here.


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Comment:

she is still not ready to drop another area of interest before the drop likely.