SPX In Impulsive Correction; Lower Imminent!

23. Sept. 2020

Chart says all. Perfect Bear Wedge on 9/22. Look at the repeating pattern; 3 drives to the bottom IMO.

Not investing advice; trade at your own risk! GLTA!

23. Sept. 2020

Trade ist aktiv

Here we gooo... I shorted

23. Sept. 2020

Trade ist aktiv

Closed shorts on 5-wave intraday impulsive sell move; +30%; re-enter on retracement rally!

23. Sept. 2020

Anmerkung

Re-entering on the 0.50 Fibo in QQQ

23. Sept. 2020

Anmerkung

It forms a bear flag retracement wave

23. Sept. 2020

Anmerkung

Closed again on the secondary sell wave intraday. Two day trades on the bear moves; wait for EOD to re-enter IMO

23. Sept. 2020

Anmerkung

Forms a wedging pennant, trade is fluctuant and choppy, difficult to fill limit orders, go in/out at market IMO; could be a strong bounce mid-day, short if it does.

23. Sept. 2020

Anmerkung

LOL it just kept going.... short the retrace IMO

23. Sept. 2020

Anmerkung

Would not chase this sell; it's formed an ABC intraday, wedging; might pop up strongly in PM session

23. Sept. 2020

Anmerkung

Last time it did this we gapped down on 17 Sep

23. Sept. 2020

Anmerkung

LOL shoulda chased it!

23. Sept. 2020

Anmerkung

IF support holds 3250 THEN the rally could kickoff from here...

23. Sept. 2020

Anmerkung

Double bottomed; don't chase; holding nothing overnight, could rally from here on support, or dig deeper.
Target on chart is pure WAG...

24. Sept. 2020

Anmerkung

Still holding cash, no longs until RSI gets OS on ES1!; NQ1! in OS now may dig a little more; any bounce will be temporary relief IMO:
marketwatch.com/story/the-second-wave-of-a-rolling-bear-market-is-about-to-begin-says-top-forecaster-11600945948?mod=mw_latestnews

25. Sept. 2020

Anmerkung

Maybe a bear rally, W formation, might reject from 3300, no positions

15. Okt. 2020

Trade ist aktiv

Closed the gap on DJI, SPX, close enough IMO: shorting EOD on the Hanging mAN