The spx500 index had a really cool reaction to the daily orderblock shown on the chart below.
And currently has changed its character by failing the base floor. My position detail is mentioned totally on the chart.
i SEE an RISK of NASDAQ continuing LOWER to (+/-) 9750
Its ALL about STIMULUS, TECHNICALLY: PURPLE or YELLOW path EQUALLY possible.
EXPECT a (+/-) 5.5% up PRICE UP (to around Nov. 13th)... THEN ???
Today the red zone sits right on the over night range and this is a big range so lots of inside trading if we can not break out of this zone. will be looking for higher lows or lower highs to take a inside direction trade that could maybe break out.
A move below the ON session could see a fast drop to 2800.
Nothing has changed from my previous idea I published on 12/24/2018 (Link below) except that everyone and their mother wants to short this thing. I do not like trading with the herd but im still sticking to the trade. Good Luck...
Fear is in the market, reasonably so, after such a huge drop. We haven't seen anything like this since February. Many are suggesting that this is the beginning of the bear market, if you're one of those individuals, I'd recommend waiting for more signs to support that idea. As If things end of playing out the way I believe they will, you will end up with a large...
