🩳🛑🩳🛑🩳🛑🩳🛑🩳 Short

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Jul 8, 2021 5:48 PM

a lot of weakness is manifesting behind the scenes on this last push up. i think it's time.

looking for a move down to about 400~390 by next month, will cover my short closer to 400.

i am full short from here, and will continue adding more shorts if we move up to the initial 437 target.

protect your capital peoples, and know what is to come.

Comment

⋅ Jul 9, 2021 4:24 PM

the alternative -

Comment

⋅ Jul 9, 2021 8:36 PM

i think this is going to play out, but we're going to go deeper than what i have projected here.

looking at something like 308~284

should start within the next seven days.

if we hit 437, i am all in short.

Comments

poister198

⋅ Jul 9, 2021 4:17 PM

From another perspective i believe it is a confirmation of bulltrend. Adding more long positions with a target upside of 450

Eloquent

⋅ Jul 9, 2021 4:23 PM

@poister198, i agree with your 450 upside target, i discussed it briefly yesterday in my bull case via:

i'm going to try to short 4390

samitrading

⋅ Jul 9, 2021 10:42 AM

Hey buddy, how do we know if this is actually the last push up or we are part of bigger bullish wave.

Eloquent

⋅ Jul 9, 2021 10:58 AM

@samitrading, as of this morning, it looks like we're at an actual crossroad. golden zone in both directions.

i can see this from both bullish and bearish perspectives right now.

blue count takes us to the upside algo target to finish this wave (3) or (5) on the higher degree,

red count means we've begun the descent, and we'll find out soon

samitrading

⋅ Jul 9, 2021 11:14 AM

@Eloquent, Thanks bud.

Eloquent

⋅ Jul 9, 2021 11:19 AM

@samitrading, i am short from yesterdays peak, but it looks like we might just see that final push up. spy is very tricky, always catching everyone off guard. i'm staying short though, and will continue to add to my position as the risk to the upside is like 20x what it is to the downside at these heights

best of luck!

samitrading

⋅ Jul 9, 2021 2:35 PM

@Eloquent, Thanks buddy. Your danger zone on the chart is a possible target for a top. Or we can get truncated and

never reach it. wish you all the best.