curtmelonopoly

Monday is SP500 do or die day. Time cycle peak. Chart Notes.

AMEX:SPY   SPDR S&P 500 ETF TRUST
Look... when it dumped initially, it dumped right in to our algorithmic model structure (posted in advance of trade).

The bears can growl here... but reality is that the time cycle (nearterm) comes due Monday.

So far.... this looks like a panic sell-off.

If it breaks to downside Monday forward then yes... in to another down cycle within time cycle.

BUT IF IT DOESN'T then it is still structural in its current trading zone and bears will get wiped out.

So it's easy... buy the fear on the divergent downside moves and sell the turn at each turn down and bank.

Do that until it doesn't work. Then move to the next structure in the cycle.

Peace and best and enjoy your weekend. I'm going for a free dive.

Compound Trading Group | Founder

New World Ecosystems of Decentralized Finance

#DeFi #MachineTrading #Crypto
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.