PRO_Indicators

SPX / D1 : Good bye Parabolic ! One more fallen unicorn...

FX:SPX500   S&P 500 Index
Many were those who kept telling me searching for the market top was stupid.. cause this was bullish and that if we had to retrace this will be done smoothly and with pre-signals..
Well... Not really... Cause at that point we may eventually find a potential short term support to hold the falling knife... or not.. Because why would you buy this market ?
Giga caps are all overpriced, small caps are tumbling.. There's actually nothing to buy here as we pushed way too far for quite a long time..
The only thing that would worth buying pbly is gold ^^

Well now that we're out of parabolic dreams, we can go back to reality and find decent support pricings to eventually forecast potential calls again. But for now.. everyone will obviously reverse to bearish retracement..

Hope this idea will inspire some of you !
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Kindly,
Phil

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nice analysis
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Thanks Phil,where do you see a bottom? 2741 ?
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@dundeeboi, yes nearby... but not a support to buy only to take profits if there is intraday signal.
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@dundeeboi, To me support on which calls can be considered and bear TP are mandatory is below 2700
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