I wasn't going to post this, I am a hot mess here, I feel like its more disorganized than usual with many distractions (texts and you can even here me clanging my nails on my coffee mug at some point) but the beef of my points are there and I think valid so, yeah.
But the moral of this video is:
Overall outlook: Likely bearish but please be careful.
Probabilities for next week: Assuming a close around 405, its seemingly more bearish than bullish.
Recommendation: Neutral, I personally am not going to be opening anything to swing into next week. I will be away from my desk by market close so I won't have the option to check to see what the probabilities say juts before close. But I am kind of tempted to take a small short position at this point based on the technical setup on SPX.
Indicators discussed that are publicly available:
DSL Line
Z-Score Buy and Sell
}Expected move plotter intraday
But the moral of this video is:
Overall outlook: Likely bearish but please be careful.
Probabilities for next week: Assuming a close around 405, its seemingly more bearish than bullish.
Recommendation: Neutral, I personally am not going to be opening anything to swing into next week. I will be away from my desk by market close so I won't have the option to check to see what the probabilities say juts before close. But I am kind of tempted to take a small short position at this point based on the technical setup on SPX.
Indicators discussed that are publicly available:
DSL Line
Z-Score Buy and Sell
}Expected move plotter intraday
Premium indicators and content have launched! Get access at: www.patreon.com/steversteves
Once futures closes and the NASDAQ uploads the data for ES1!, I will post the results for next week.
I have run SPX/SPY and its ... underwhelming. But yeah. I will wait for ES data to be uploaded and then verify with that.
Next week will also be the first week of putting SPX and RUT weekly to the test :-).
NASDAQ usually uploads the data by 6 pm. So expect around there till a little bit later for a post.